SCC: Romanian court clarifies who can administer institutional arbitration in Romania In a landmark decision, Romania's High Court of C...

Romanian court clarifies who can administer institutional arbitration in Romania In a landmark decision, Romania's High Court of Cassation and Justice has confirmed that non-governmental organizations of public interest in Romania may administer institutional arbitration only if authorized by law, resolving legal uncertainty.  The Court’s decision provides certainty to arbitration users in Romania but does not apply to international or foreign arbitral institutions, such as the SCC. As a neutral and impartial organization, the SCC can and does administer cases involving parties from Romania. Indeed, the SCC observes an increasing number of Romanian parties in the previous five years.  In this news article, Dr Cosmin Vasile FCIArb, a member of the SCC Arbitrators’ Council and partner at Zamfirescu Racoti Vasile & Partners in Romania, analyses the decision and provides some key takeaways. Read the full article here: https://lnkd.in/dV_Y6qpP