New Rules for Commercial Arbitration in the Republic of Moldova: A Step Forward?

Abstract

The article provides critical assessment of the recent legislative reform of commercial arbitration rules undertaken in the Republic of Moldova. The key feature of the new commercial arbitration system is the dualism in regulation of international and domestic arbitration. While the international arbitration framework adopted the UNCITRAL Model Law without any substantive modifications, legal rules governing domestic arbitration became more restricted and state-centered. Taken the lack of previous experience with arbitration and deficiencies of the judiciary and public enforcement system the dualist regulation of commercial arbitration will continue to slow down its potential development.