New rules of arbitration (the "New Rules") of the Court of International Commercial Ar-bitration attached to the Chamber of Commerce and Industry of Romania (the "Court of Arbitration") were published on 23 January 2012.

On 1 January 2018, New Rules of Arbitration entered into force for commercial arbitration proceedings before the Court of International Commercial Arbitration attached to the CCIR...

On 18 November 2018, Law no. 310/2018 for amending and supplementing the Romanian Civil Procedure Code ("RCPC") was published in the Official Gazette.

On 1st October 2011, the Romanian New Civil Code ("NCC") entered into force. It applies to agreements entered into and situations occurring after 1st October 2011.

On 30 May 2017, the Romanian Constitutional Court issued Decision no. 369, declaring the provisions of art. XVIII (2) of Law no. 2/2013 – measures relieving the courts and the implementation of Law no. 134/2010 ...

Leading international arbitral institutions have announced record numbers in terms of the volume of new cases registered in 2020.

On 4 June 2018, the Romanian Official Gazette published Government Emergency Ordinance no. 45/2018 ("GEO 45/2018") bringing a series of changes with regard to the current public procurement regulation.

Is your state a party to the New York Convention? Are there any noteworthy declarations or reservations? Yes. The reservations made upon accession are as follows:

The United Kingdom's exit from the European Union on 29 March, which was decided by the referendum of 23 June 2016, is a reality which produces not only political, economic and other consequences...

The Romanian State scored a major arbitration victory before the International Center for Settlement of Investment Disputes (ICSID) within the World Bank in Washington. Noble Ventures, Inc. submitted its claim under the bilateral investment treaty between the United States and Romania to arbitration under the ICSID Convention in August 2001. Noble Ventures` claimed as much as USD 353 million in damages from Romania, challenging Romania’s treatment of Noble Ventures and its investment in Combin

As of 15 February 2013, Romania adapted and aligned its civil procedure legislation to reflect the significant changes undergone by the country over the last 20 years.

As a result, the Informatic System for Electronic Surveillance ("ISES") will be initiated and run a pilot program between March 1, 2022, and December 31, 2025.

Romania has a history in commercial arbitration, including international arbitration: arbitration has been regulated in Romania since 1865 (under the old Civil Procedure Code and now under the new Civil Procedure Code, ...)

The question of enforcing arbitral awards which had been subject to set-aside proceedings at their seat is long-standing in academic debate and it continues to be of acute practical importance.

În conformitate cu preambulul Deciziei Colegiului de Conducere al Camerei de Comerţ şi Industrie a României (C.C.I.R."), aceste modificări survin ca urmare a intrării în vigoare a noului Cod de Procedură Civilă.

An ICSID ad hoc committee unanimously dismissed Romania's application to annul an arbitration award in favor of LSG Building Solutions GmbH and nine other investors, rejecting Romania's arguments concerning jurisdiction, EU law, multiparty claims, and treaty interpretation. The committee emphasized that annulment is not an appeal and cannot be used to reconsider a tribunal's legal conclusions, only to address fundamental procedural defects.

Disputes in Romania are settled in court in the vast majority of cases, under procedures regulated mainly by the new Civil Procedure Code ('the CPC').

International Arbitration Comparative Guide for the jurisdiction of Romania, check out our comparative guides section to compare across multiple countries