On November 1, 2017, the Chamber of Commerce and Industry of the Republic of Moldova held the second meeting with representatives of a group of companies – members of the CCI of RM with the management of the CCI of RM, the Mediation Center and the International Commercial Arbitration Court of the CCI of RM. At the meeting, Ms Calenic Natalia, Vice President of the CCI, stressed that mediation and arbitration are the civilized, fast and economically viable ways of settling disputes.
The emergence of a new legal framework on mediation and arbitration in the Republic of Moldova is the result of a series of legislative and organizational efforts, constituting a response to the existing national and judicial reforms in the Republic of Moldova. Thus, the role of mediation and arbitration tends to become more and more important in a society torn by multiple cases pending in court, which are beyond the physical capacity of judges.
Mr. Lefter Dumitru, Director of the Mediation Center of the CCI of Moldova, emphasized that the Center has a rich experience, being the first mediation organization in the Republic of Moldova and pointed to the advantages of mediation such as:
- impartiality of the mediator;
- privacy vis-à-vis both the adverse party and third parties;
- litigation resolves in limited terms;
- the parties themselves determine their solution by being the judges of their own litigation;
- the mediation transaction has enforceable force;
- low costs;
- Relations between the parties to the litigation are maintained good, because no party loses the case (win-win principle), etc.
Mr. Postovan Dumitru, President of the International Commercial Arbitration Court of the CCI of Moldova, later mentioned that: The International Commercial Arbitration Court was established for the administration of commercial arbitration in order to settle disputes of foreign trade and domestic disputes, being a permanent arbitration institution.
Among the advantages of arbitration litigation are:
- the procedure is faster and less formal;
- Meetings are confidential and not public;
- arbitrators have specialized competence;
- parties designate their own arbitrators;
- low costs;
- Arbitration decisions have wide international recognition, being final and binding, etc.
The Chamber of Commerce and Industry of the Republic of Moldova considers that it is important for the business community to know more about the possibility to solve their disputes through mediation and arbitration. In order to improve the mediation and arbitration of the chamber institution, further meetings with the members of the Chamber and other economic agents interested in the settlement of extrajudicial disputes will be organized.
