Giurgiu Court of Arbitration
Commercial arbitration at the Giurgiu Chamber of Commerce (CCIAGR): fast, confidential and binding dispute resolution.
What is the Giurgiu Court of Arbitration?
The Giurgiu Court of Arbitration is the Commercial Court of Arbitration attached to the Giurgiu Chamber of Commerce, Industry and Agriculture. It offers commercial arbitration as an alternative to the state courts for pecuniary disputes arising from contracts.
Disputes are settled, according to the parties’ agreement, by arbitrators chosen by them. The arbitrators hear the case and issue an award which the parties undertake to perform.
How does the Giurgiu Court of Arbitration work?
Inserting an arbitration clause in a contract allows, in the event of a dispute, the Giurgiu Court of Arbitration to be seised. The jurisdiction of the state courts is excluded for that dispute, within the limits of the law and of the parties’ agreement.
Advantages of the Giurgiu Court of Arbitration
- Accessibility — compromissory clauses in contracts or a separate compromise between the parties
- Speed — an award or amicable settlement, usually within 6 months of the arbitral tribunal being constituted
- Lower costs — arbitration fees are usually lower than court stamp duties
- Confidentiality — files, hearings and the work of the Giurgiu Court of Arbitration are confidential
- Simplicity — clear rules of procedure; often a party may represent itself
- Impartiality — an arbitral tribunal of independent arbitrators
- Final solution — the arbitral award is final and binding, challengeable only on limited grounds
- Enforcement — recognition and enforcement of awards, including under the 1958 New York Convention
Recommended arbitration clause — Giurgiu Court of Arbitration
“Any dispute arising out of or in connection with this contract, including as to its validity, interpretation, performance or termination, shall be settled by commercial arbitration organised by the Giurgiu Chamber of Commerce, Industry and Agriculture.”
List of arbitrators of the Giurgiu Court of Arbitration
The list of arbitrators of the Giurgiu Court of Arbitration, the rules on arbitration fees and costs, and the arbitral codex (regulations and rules of procedure) will be published here after they are updated with the official data for Giurgiu County.
Contact Giurgiu Court of Arbitration: 0246 215 444 · contact form · 5 Dr. Ion Munteanu Street, Giurgiu
Contact the Giurgiu Court of Arbitration
Write to us through this form. We will reply to the e-mail address you provide.
Frequently asked questions — Giurgiu Court of Arbitration
What is the Giurgiu Court of Arbitration?
The Giurgiu Court of Arbitration is the Commercial Court of Arbitration attached to the Giurgiu Chamber of Commerce, Industry and Agriculture (CCIAGR). It offers commercial arbitration for pecuniary disputes arising from contracts.
When can I use the Giurgiu Court of Arbitration?
When the contract includes an arbitration clause designating the Giurgiu Chamber of Commerce, or when the parties later conclude an arbitration compromise. Without a clause, jurisdiction remains with the state courts.
What are the advantages of commercial arbitration at CCIAGR?
The Giurgiu Court of Arbitration usually offers faster settlement (around 6 months), confidentiality, lower costs than court stamp duties, and a final award that is enforceable, including internationally.
Which arbitration clause is recommended for Giurgiu?
The recommended clause is that disputes under the contract are settled by commercial arbitration organised by the Giurgiu Chamber of Commerce, Industry and Agriculture. The full text is on the Court of Arbitration page.