Law no. 335/2007
of the Chambers of Commerce of Romania
published in the Official Monitor no. 836 / December 6, 2007,
amended and supplemented by Law no. 39/2011
published in the Official Monitor no. 224 / March 31, 2011

 

EXTRACT

“ Art. 28

………………………………………………………………………………

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

………………………………………………………………………………

e) organizes activities such as mediation and settlement by arbitration of commercial and civil disputes, 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

    • The Court of International Commercial Arbitration is a permanent institution of arbitration, without legal personality and it functions by the National Chamber.
    • The activity of the Court of International Commercial Arbitration is coordinated by a College headed by the President of the Court.
    • The rules of organization and operation of the Court of International Commercial Arbitration, as well as of its College are approved by the Elected Management Board of the National Chamber.
    • 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.
    • The Procedural Rules of the Court of International Commercial Arbitration are proposed by the President of the Court and are approved by its College.

(6) The Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania leads the activity of the courts of arbitration attached to the territorial chambers.

 

(7) The activity of the courts of arbitration attached to the territorial chambers is conducted in accordance with the provisions of the Code of civil procedure, with the Rules on the organization and operation and with the Arbitration Procedure Rules of the Court of International Commercial Arbitration attached to the National Chamber.

 

Art.30

 

  • The Regulations on arbitration fees and arbitrators’ fees are approved by the Elected Management Board of the National Chamber, further to the proposal made by the College of the Court of International Commercial Arbitration.
  • The arbitration fees 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.”