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Economic chamber od Macedonia

years bsi. ISO
9001
1922 - 2016
Quality
EXPERTISE FOR Management
DISPUTE RESOLUTION
СТОПАНСКА КОМОРА НА МАКЕДОНИЈАFS549642

Osnovana 1922

ECONOMIC CHAMBER OF MACEDONIA

Founded 1922

ALTERNATIVES The main advantage of arbitral dispute resolution is that both parties are
allowed to select experts who will work on the dispute. If you go to a public
court, you do not know what the experience or general background of the judge
appointed to your case is. It is not a rare occurrence for parties to lose disputes
taken before a public court as they find themselves overwhelmed by the complex
rules of procedures. I hope that arbitration, as a method of dispute resolution,
becomes more popular in Macedonia, both for domestic and international
disputes.

(DDr. Alexander Petsche, head of the Litigation and Arbitration Practice Group
at Baker & McKenzie Diwok Hermann Petsche Rechtsanwälte LLP & Co KG in
Vienna and member of the Board of the Vienna International Arbitral Center)

ALL AWARDS HAVE BEEN ENFORCED

Over the past few years,
the number of cases
brought before the
Permanent Court of
Arbitration attached to
the Economic Chamber
of Macedonia has
been constantly rising.
However, we believe
there is still room for
improvement, although
we have had disputes of
rather high value, and these were resolved swiftly. All awards adopted so far
have been enforced.

There are ongoing proceedings for four to five disputes. Arbitration proceedings
last, on average, six to nine months - a year at the most. These are mostly
commercial disputes with a foreign element, debtor-creditor relationships, cases
of a party failing to meet contractual obligations etc.

(Prof. Arsen Janevski, Ph.D., President of the Permanent Court of Arbitration
attached to the Economic Chamber of Macedonia)

May 2016 85