Law no. 335/2007

of the Chambers of Commerce of Romania

published in the Official Monitor no 836/December 6, 2007

EXTRACT

 

 

“Art. 28

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(2) The National Chamber carries out the following main duties:

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e) organizes activities such as mediation and settlement by arbitration of commercial and civilian litigations, domestic and international, under the terms stipulated by the Code of Civil Procedure, by the special laws in the field and by the international conventions to which Romania is part.

 

Art. 29

(1) The Court of International Commercial Arbitration is a permanent institution of arbitration, without legal personality and it functions by the National Chamber.

(2) The activity of the Court of International Commercial Arbitration is coordinated by a College headed by the President of the Court.

(3) The rules of organization and functioning of the Court of International Commercial Arbitration, as well as of its College are adopted by the College Board of the National Chamber.

(4) The President and the College of the Court of International Commercial Arbitration are proposed by the President of the National Chamber and approved by the College Board of the National Chamber.

(5) The procedure rules of the Court of International Commercial Arbitration are proposed by the President of the Court and are approved by its College.

Art.30

 

(1) The norms regarding the arbitral taxes and the fees of the arbitrators are approved by the College Board of the National Chamber, further to the proposal made by the College of the Court of International Commercial Arbitration.

(2) The arbitral taxes are destined to cover the expenses related to the activity of settlement of disputes, payment of arbitrators’ fees and of their documentation, secretarial expenses and other expenses necessary for the functioning of the Court of International Commercial Arbitration.”