Key Amendments To Bulgarian Arbitration Law

The Bulgarian Parliament has recently adopted important amendments of the Law on International Commercial Arbitration (the "LICA") and of the Civil Procedure Code (the "CPC"), concerning fundamental arbitration issues such as the scope of non-arbitrable disputes, the grounds for setting aside domestic arbitral awards as well as the criteria for establishing tacit prorogation of arbitral jurisdiction. The 2017 amendment of the Bulgarian arbitration laws also saw the introduction of previously not existing minimum professional requirements for arbitrators and the establishment of a special state body responsible for exercising limited supervisory functions with respect to arbitrators and arbitration institutions.