Bulgaria

The Legal Framework for Arbitration

General Information

  • UNCITRAL Model-Law based: Yes.

  • Legal Provisions: International Commercial Arbitration Act (ICAA) of 1988, as amended; Bulgarian Civil Procedural Code (CPC) of 2008; International Private Law Code (IPLC), published in State Gazette No. 42, dated 17 May 2005.

Arbitral Institutions

  • Arbitration Court with the Bulgarian Chamber of Commerce and Industry

  • Arbitration Court at the Bulgarian Industrial Association

 

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 10 October 1961); reservations: Bulgaria will apply the Convention to recognition and enforcement of awards made in the territory of another contracting State. With regard to awards made in the territory of non-contracting States it will apply the Convention only to the extent to which these States grant reciprocal treatment.

  • European Convention: Yes (ratification/accession: 13 May 1964).

  • ICSID Convention: Yes (ratification/accession: 13 April 2001).

  • Energy Charter Treaty: Yes (ratification/accession: 31 July 1996).

 

Last updated February 2019