The Legal Framework for Arbitration in Moldova

General Information:

• UNCITRAL Model-Law based: No.
• Legal Provisions: Law on arbitration (no.23-XVI), in force since 20 May 2008; Law on international commercial arbitration (no.24-XVI), in force since 20 June 2008.

Multilateral Conventions:

• New York Convention: Yes (ratification/accession: 18 September 1998); reservations: reciprocity; only applicable to those awards which were adopted after the entry into effect of the Convention.
• European Convention: Yes (ratification/accession: 5 March 1998); reservations: none.
• ICSID Convention: No (signed but not ratified yet).
• Energy Charter Treaty: Yes (ratification/accession: 10 June 1996).

Arbitral Institutions:

• The International Commercial Arbitration Court of the Chamber of Commerce and Industry of the Republic of Moldova