Romania ARBITRATION

 Romania Arbitration

Romania is a Contracting State to the ICSID Convention:

  • Signature: 6 September 1974
  • Deposit of Ratification: 12 September 1975
  • Entry into Force: 12 October 1975
  • Pursuant to Article 54(2) of the ICSID Convention, Romania has designated “Bucharest Court and the District Courts by circumstance” as competent for the recognition and enforcement of ICSID awards.
  • Pursuant to Article 13(1) of the ICSID Convention Romania has made the following panel designations effective until 31 October 2014:
    - Dr. Viorel Mihai CIOBANU: Professor of Law, Bucharest University Law School
    - Dr. Iulia Antoanella MOTOC: Professor of Public International Law, Bucharest University Law School
    - Dr. Dragos-Alexandru SITARU: Professor of Law, Bucharest University Law School
    - Mr. Victor TANASESCU: Attorney-at-Law

Romania is a Contracting State to the New York Convention:

  • Date of Accession: 13 September 1961
  • Entry into Force: 12 December 1961
  • Romania will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state & only to differences arising out of legal relationships, whether contractual or not, that are considered commercial under their national law
  • With regard to awards made in the territory of non-contracting States, Romania will apply the Convention only to the extent to which those States grant reciprocal treatment

Romania is a Contracting State to both the 1899 & 1907 Convention for the Pacific Settlement of International Disputes:

  • 1899 Entry into Force: 4 September 1900
  • 1907 Entry into Force: 12 June 1911

Romania is a United Nations Member State:

  • Date of Admission: 14 December 1955

Official State Name: Romania - România

Official Language: Romanian

Capital: Bucharest (Bucureşti)

Currency: Romanian leu (RON)

Time Zone: EET (UTC+2)

International Calling Code: +40

Internet TLD: .ro

Location of  Romania  (dark green)– on the European continent  (green & dark grey)– in the European Union  (green)  —  [Legend]

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For more details please check this URL : http://www.romaniaarbitration.com