In arbitrations seated in Romania it is widely accepted that the arbitral tribunal ruling on the parties’ dispute also has jurisdiction over awarding arbitration costs. Articles 595-600 of the Civil Procedure Code regulate the topic of arbitration costs, the general rule being that the arbitration costs are borne by the losing party, entirely or proportionally, depending on the award. Moreover,…
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In arbitrations seated in Romania it is widely accepted that the arbitral…
Some of the main rules that the Member States shall be required…
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