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.
Arbitration Court with the Bulgarian Chamber of Commerce and Industry
Arbitration Court at the Bulgarian Industrial Association
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