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The Court of Arbitration to KRIB – effective and reliable alternative in the resolution of commercial disputes

In 2014 the Management Board of KRIB took a decision for constitution of a Court of Arbitration to the Confederation of the Employers and Industrialists in Bulgaria - the Voice of Bulgarian Business.The new arbitration institution was publicly announced for the first time at the Annual General Meeting of KRIB on November 27, 2014 and has already commenced its activity.

On March 19, 2014the Management Board of KRIB adopted the Statutes of the Court of Arbitration. The Rules of Arbitration and the Tariff of the Court of Arbitration were adopted on September 17, 2014.

The Court of Arbitration provides the opportunity to resolve disputes outside the system of the state courts, which ensures equality of the parties, promptness, efficiency and predictability.

The governing documents of the Court of Arbitration to KRIB, the members of its bodies, the recommended arbitration clause, as well as all other important information are published on the official website of the institution at www.arbitration.bg.