On October 26, 2017, the Chamber of Commerce and Industry of the Republic of Moldova held a meeting with representatives of a group of companies – members of the CCI of RM with the leadership of the Mediation Center and of the International Commercial Arbitration Court of the CCI RM. At the meeting, Mr. Lefter Dumitru, Director of the Mediation Center and Mr. Postovan Dumitru, President of the International Commercial Arbitration Court of the CCI of Republic of Moldova, mentioned that:
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.
Mediation is an alternative form of dispute settlement between two or more parties wishing to reach a settlement with the help of a third party, certified in accordance with the legislation in force, as a mediator. The parties may resort to the mediation of both litigations in court and litigations in respect of which no appeal has been filed. Conflict resolution via mediation outlines a number of advantages: mediator’s impartiality, confidentiality to both the adverse party and third parties, limited dispute settlement terms, the parties themselves determine their solution by being the judges of their own litigation, the enforceable mediation transaction , low expenses, maintaining good relations between the parties to the dispute, etc.
The International Commercial Arbitration Court of the Chamber of Commerce and Industry of the Republic of Moldova was established in 1994 for the administration of commercial arbitration for the purpose of settling disputes of foreign trade and domestic disputes, being a permanent arbitration institution without legal personality, non-governmental and independent in the exercise of its functions. Among the advantages of arbitration litigation are: the procedure is faster and less formal, confidentiality of the meetings, specialized jurisdiction of the arbitrators, appointment of the arbitrators by the parties, low costs, arbitration decisions have a wide international recognition, are 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 its disputes in an elegant and sustainable manner, in a limited time and with low expenses through mediation and arbitration . Thus, similar information and discussion sessions will be held during the next period. In order to improve the institution of mediation and arbitration of the chamber institution, constructive suggestions are always welcome.
