Energy Arbitration Disputes and Trends in Albania

Energy Arbitration Disputes and Trends in Albania

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Energy Arbitration Disputes and Trends in Albania Analysis by Dr Lorenc Gordani Head of the Department of Professional Masters Tirana Business University (TBU) [pj-news-ticker] 1. The prospect of new arbitration law in Albania 1.1. Overview on the actual legal domestic framework ruling the arbitration After the transformation of ‘90, Albania had no specific law on arbitration, and the rules governing domestic arbitration were incorporated in the Civil Procedures Code, enacted in 1996. The chapter was based on the UNCITRAL Model Law in International Commercial Arbitration (1985). Unfortunately, despite the ongoing Albanian legislator’s endeavours to implement disputes towards arbitration, very few disputes have been settled during the years. The Albanian government decided to undertake reform to increase local business awareness and trust to use arbitration instead of litigation. To this end, back…
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