Source: https://www.bcci.bg/arbitration/lawofarbitr.htm
Timestamp: 2019-05-26 06:14:46
Document Index: 366087696

Matched Legal Cases: ['Art. 16', 'Art. 20', 'Art. 47', 'art. 47', 'Art. 49', 'art. 47', 'art. 47', 'Art. 50', 'Art. 51', '§ 2', 'art. 237', 'art. 242', '§ 3', 'art. 1', 'art. 10', 'art. 11', 'art. 26', 'art. 47', '§ 4', 'art. 48', '§ 5', '§ 6']

ARBITRATION COURT AT BCCI - LAW ON INTERNATIONAL COMMERCIAL ARBITRATION
(Published in the State Gazette (SG) No. 60 of 05.08.1988, amended in SG No. 93 of 02.11.1993, amended in SG No.59 of26.05.1998, amended in SG No. 38 of 17.04.2001, amended in SG No. 46 of 29.04.2002, amended in SG No. 59 of 20.07.2007, in effect from 01.03.2008).
(2) (Amended - SG No. 93 of 1993), International commercial arbitration shall resolve civil property disputes resulting from international trade relations as well as disputes for filling gaps in contracts or their adaptation to newly established facts when the domicile or seat of at least one of the parties is not in the Republic of Bulgaria.
(3) An arbitration agreement shall be deemed to exist also when the respondent in writing or by a statement, recorded in the minutes of the arbitration hearing, accepts the dispute to be heard by an Arbitral Tribunal or when the respondent participates in arbitration proceedings without challenging the jurisdiction of the Arbitral Tribunal.
(2) (Amended in SG No. 93 of 1993) An arbitrator may also be a person who is not a citizen of the Republic of Bulgaria.
Art. 16. (1) (Amended in SG No. 59 of 1998, amended in SG No.38 of 2001, amended in SG No. 59 of 2007). If the Arbitral Tribunal rejects the challenge, the party which made it may within a seven-day term from being notified of the rejection request from the Sofia City Court to decide on it.
(2) (Amended � SG No. 59 of 1998). If in the cases of the above para (1) the arbitrator does not withdraw from office or the parties cannot agree on the termination of his/her mandate, each of the parties may request from the Sofia City Court to decide on the termination of the mandate. The decision of the Court shall be final.
Art. 20. (1) The challenge of jurisdiction of the Arbitral Tribunal shall be made with the reply to the statement of claim at the latest.
(2) Written evidence and statements, including reports of the experts shall be made available to the parties in due time.
(3) Amended � SG No. 93 of 1993). The award, signed by the arbitrators shall be served on the parties. It shall be deemed made known when served on one of them. Once served, the award shall enter into force, become binding on the parties and liable to forced execution.
Art. 47. (Amended in SG No. 46 of 2002) The arbitration award may be set aside by the Supreme Court of Cassation if the party requesting the setting aside proves any of the following grounds:
no arbitration agreement has been concluded or it has been null and void according to the law chosen by the parties and failing such a choice � according to this Law;
the subject of the dispute has been unarbitrable or the arbitration award has been in conflict with the public order of the Republic of Bulgaria;
the composition of the Arbitral Tribunal or of the arbitration procedure has not been in compliance with the agreement between the parties, unless the said agreement has been in conflict with the mandatory provisions of this Law or failing such agreement � when the provisions of this Law have not been applied.
(2) (Amended - SG No. 59 of 1998, No. 38 in 2001, No. 46 of 2002). Stay of execution of an arbitration award as a provisional remedy to actions under art. 47 shall be admitted only by the Supreme Court of Cassation against a guaranty of the amount equal to the interest from setting aside of the arbitration award.
Art. 49. (Repealed – SG No. 93 of 1993, new – SG No. 38 of 2001). If the state court by a decision in force sets aside an arbitration award on some of the grounds of art. 47, items 1, 2 and 3. the interested party may bring an action on the dispute before the competent state court and when the arbitral award has been set aside on some of the grounds of art. 47, items 4, 5 and 6, the state court shall return the case to the Court of Arbitration for a new hearing. Each of the parties may request the case to be heard by other arbitrators.
Art. 50. (Abrogated � SG No. 93 of 1993).
Art. 51. (Amended � SG No. 93 of 1993). (1) The Sofia City Court on a request of the interested party shall issue a writ of execution based on the arbitration award in force. A copy of the arbitration award and evidence of the award being served on the debtor party of the execution shall be attached to the request.
(3) (New � SG No. 38 of 2001, amended in No. 59 of 2007 ). The request for recognition and enforcement of a foreign arbitration award shall be made before the Sofia City Court, unless otherwise provided for in an international treaty to which the Republic of Bulgaria has been a party. For proceeding on the request respectively arts. 118-120 of the International Private Law Code shall apply, with the exception of the right of the debtor party to raise an objection based on liquidation of the debt.
§ 2. (Former � 1, amended � SG No. 93 of 1993) In the Civil Procedure Code (promulgated in Izvestia No. 12 of 1952, amended and supplemented - No. 92 of 1952, No. 89 of 1953, No. 90 of 1955, No. 90 of 1956, No. 90 of 1958, No. 50 and 90 of 1961; amended � No. 99 of 1961; amended and supplemented � SG No. 1 of 1963, No. 23 of 1968, No. 27 of 1973, No. 89 of 1976, No. 36 of 1979, No. 28 of 1983, No. 41 of 1985, No. 27 of 1986, No. 55 of 1987, No. 60 of 1988, No. 31 and 38 of 1989, No. 31 of 1990, No. 62 of 1991, No. 55 of 1992,No. 61 of 1993) in art. 237, �a� and art. 242, para 2 the words �the Court of Arbitration at the Bulgarian Chamber of Commerce and Industry and the settlements concluded before it, when the arbitration is obligatory� shall be substituted by �the arbitral tribunals and the settlements concluded before them in arbitration proceedings�.
§ 3. (New � SG No. 93 of 1993) (1) (Amended and supplemented SG No. 38 of 2001) This Law shall apply also in arbitration proceedings between parties with domiciles or seats in the Republic of Bulgaria, with exception of art. 1, para (2), art. 10, art. 11, para (2) (except when a party to the dispute is a company with prevailing foreign participation), art. 26 and the words �according to the law chosen by the parties and failing such choice� of art. 47, para (1), item 2.
§ 4. (New � SG No. 93 of 1993) This Law shall apply to pending arbitration cases. It shall also apply to the arbitration awards rendered before its adoption if they have not been fulfilled but the term for request for setting aside of these awards, provided for by art. 48, para (1) shall become effective from the day of entry into force of this Law.
§ 5. (New � SG No. 93 of 1993) Article 98 of Decree No. 56 on the Economic Activity (promulgated in SG No. 4 of 1989, amended in No. 16 of 1989, amended and supplemented in Nos. 38, 39 and 62 of 1989, Nos. 21, 31 and 101 of 1990, Nos. 15 and 23 of 1991, amended in No. 25 of 1991, amended in Nos. 47, 48 and 62 of 1991, No. 60 of 1992, No. 84 of 1993) shall be abrogated.
§ 6. (Former � 2, amended � SG No. 93 of 1993) The implementation of this law shall be entrusted to the Minister of Justice.