Bulgaria adopts significant reform of arbitration law

Consumo2017 | Enero 27
On 12 January 2017, the Bulgarian Parliament adopted an amendment to Article 19 of the Civil Procedure Code, entering into force on 24 January 2017, which excludes disputes involving consumers from arbitration (State Gazette 8/24.01.2017).

The amendment also affects the International Commercial Arbitration Act and the Consumer Protection Act. The amendment is a result of heated discussions about the increasing number of newly established arbitral institutions in Bulgaria dealing mainly with disputes between consumers and service providers (electricity, heating, water, etc.).

Origen:
Bulgaria adopts significant reform of arbitration law

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