Arbitration—Bulgaria—Q&A guide

The following Arbitration practice note provides comprehensive and up to date legal information covering:

  • Arbitration—Bulgaria—Q&A guide
  • 1. Is your jurisdiction a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since when has the Convention been in force? Were any declarations or notifications made under articles I, X and XI of the Convention? What other multilateral conventions relating to international commercial and investment arbitration is your country a party to?
  • 2. Do bilateral investment treaties exist with other countries?
  • 3. What are the primary domestic sources of law relating to domestic and foreign arbitral proceedings, and recognition and enforcement of awards?
  • 4. Is your domestic arbitration law based on the UNCITRAL Model Law? What are the major differences between your domestic arbitration law and the UNCITRAL Model Law?
  • 5. What are the mandatory domestic arbitration law provisions on procedure from which parties may not deviate?
  • 6. Is there any rule in your domestic arbitration law that provides the arbitral tribunal with guidance as to which substantive law to apply to the merits of the dispute?
  • 7. What are the most prominent arbitral institutions situated in your jurisdiction?
  • 8. Are there any types of disputes that are not arbitrable?
  • 9. What formal and other requirements exist for an arbitration agreement?
  • More...

Arbitration—Bulgaria—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to arbitration in Bulgaria published as part of the Lexology Getting the Deal Through series by Law Business Research (published: January 2021).

Authors: Kambourov & Partners, Attorneys at Law—Emil Emanuilov

1. Is your jurisdiction a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since when has the Convention been in force? Were any declarations or notifications made under articles I, X and XI of the Convention? What other multilateral conventions relating to international commercial and investment arbitration is your country a party to?

The New York Convention has been in force in Bulgaria since 1965.

Bulgaria adheres to the New York Convention, under the reservations that:

  1. it applies the convention to awards made in the territory of other contracting states; and

  2. regarding awards made in the territory of non-contracting states, Bulgaria applies the Convention subject to strict reciprocity.

Bulgaria further is a party to the European Convention on International Commercial Arbitration 1961 and the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States.

2. Do bilateral investment treaties exist with other countries?

Bulgaria is a party to more than 70 bilateral investment treaties.

3. What are the primary domestic sources of law relating to domestic and foreign arbitral proceedings, and recognition and enforcement of awards?

Both international and domestic arbitration are

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