The Legal Framework for Arbitration

General Information

  • UNCITRAL Model-Law based: Yes.

  • Legal Provisions: The Law on Commercial Arbitration, in force from 2 May 1996, as amended in June 2012.

Arbitral Institutions

  • Vilnius Court of Commercial Arbitration (VCCA)

  • Vilnius International and National Commercial Arbitration

  • Lithuanian Court of Arbitration

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 14 March 1995); reservations: [The Republic of Lithuania] will apply the provisions of the present Convention to the recognition of arbitral awards made in the territories of the Non-Contracting States, only on the basis of reciprocity.

  • European Convention: No.

  • ICSID Convention: Yes (ratification/accession: 6 July 1992).

  • Energy Charter Treaty: Yes (ratification/accession: 29 July 1998).


Last updated February 2019