| Presentation |
The Arbitration Court at the Bulgarian Chamber of Commerce and
Industry was established more than 100 years ago as a Court of
Conciliation to settle civil disputes between legal persons at
least one of which was foreign. Since 1989 it acts as a
justice-administering institution, independent of the Bulgarian
Chamber of Commerce and Industry. Its jurisdiction covers civil
property disputes, as well as contractual disputes, between
physical and juridical persons, Bulgarian and foreign based,
submitted to it by an arbitration agreement or an international
treaty. Between 1982 and 2002 the Court settled about 5,600 cases,
involving parties from 40 countries. Between 1992 and 2002 1, 350
international and 708 internal disputes have been settled by
arbitration, 60% within 9 months from the moment of
application.
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