The Legal Framework for Arbitration in Lithuania

General Information:

• UNCITRAL Model-Law based: Yes.
• Legal Provisions: Code of Civil Procedure, in force since 1 January 2003; Law on Arbitration, in force since 2 May 1996.

Multilateral Conventions:

• New York Convention: Yes (ratification/accession: 14 March 1995); reservations: reciprocity.
• European Convention: No.
• ICSID Convention: Yes (ratification/accession: 6 July 1992); reservations: none.
• Energy Charter Treaty: Yes (ratification/accession: 29 July 1998); reservations: none.

Arbitral Institutions:

• Vilnius Court of Commercial Arbitration