The Legal Framework for Arbitration in Romania  

General Information:

• UNCITRAL Model-Law based: Yes.   
• Legal Provisions: IV Book (Articles 340–371) of the Romanian Civil Procedure Code, amended in 1993 in accordance with the UNCITRAL Model Law and Law No. 105/1992 on the Settlement of Private International Law Relations. 

  
Multilateral Conventions:

• New York Convention: Yes (ratification/accession: 13 September 1961); reservations: commercial disputes; reciprocity.
• European Convention: Yes (ratification/accession: 16 August 1963); reservations: none.   
• ICSID Convention: Yes (ratification/accession: 12 September 1975); reservations: none.   
• Energy Charter Treaty: Yes (ratification/accession: 10 March 1996); reservations: none. 

  
Arbitral Institutions:    

• The Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania