ARBITRATION COURT AT BCCI reports 51% completed arbitration cases within the shortest terms – 6 to 9 months
The most significant event is the introduction of a new programme for remote access to electronic case records
At the 2010 Annual Meeting of the arbitral colleges of the Arbitration Court at the BCCI, it was reported that the tendency for the number of cases to grow remains. In comparison to the other arbitration institutions in Bulgaria, the number of cases filed with the Arbitration Court at the BCCI has increased significantly /over tens of times/. The same is valid in comparison to the arbitration courts of the countries with similar political situation and processes, such as Poland, Hungary, Turkey, etc.
29 international and 735 domestic arbitration cases were filed in 2010. The number of international cases grew by around 3%, and that of domestic cases by around 10% compared to 2009. Claims for 21 M EUR and 160 M BGN more were made.
Most of the cases completed in 2010 /51%/ were completed within the shortest terms /6 to 9 months/.
The most significant event in 2010 was the introduction of a new e-programme for remote processing of cases, which provides remote access to electronic case records not only for the arbitrators and court experts, but also for the attorneys of the parties. Improving the electronic access to files is the first step towards introducing e-arbitration, the foundation for which was laid with the adoption of the Rules for Electronic Arbitration. In this way, the Arbitration court at the BCCI became the second court in Europe, after the Arbitration Court of the Czech Republic, to introduce modern technologies in its work.
The Bulgarian Chamber of Commerce and Industry will continue its policy to partially finance the hearing of cases with little interest in the Arbitration court at the expense of other sources. This should increase companies’ interest in arbitration. Therefore, beside the advantages of low costs, SMEs will have access to justice practiced by elite Bulgarian lawyers, whose services they couldn’t afford otherwise (neither in the state court, nor by hiring them). The results for 2010 show that the trust in the legal subjects (companies, physical persons) in Bulgaria and abroad, as well as the trust in the rulings of the Arbitration Court at the BCCI is increasing. In this way the Arbitration Court is strengthening its position as a modern objective court institution.