Today, the new Arbitration Rules of the Permanent Arbitration Court of the Croatian Chamber of Economy (Zagreb Rules 2015) were presented, enabling an expedited arbitration process.
The President of the Permanent Arbitration Court at the Croatian Chamber of Economy, Mihajlo Dika, stated that the goal is to resolve disputes within six months, and in some cases even within three months, with costs for the parties expected to be between 20 and 40 percent lower compared to court costs. This esteemed legal expert mentioned that parties in arbitration have the option to choose an individual arbitrator from a list of 200 arbitrators provided by the Croatian Chamber of Economy.
Parties opting for arbitration, thereby avoiding lengthy court proceedings, can also count on the possibility of a ruling being made without a hearing. This means that the arbitrator, based on written statements, even electronically if the parties agree, will be able to issue a ruling if the situation is clear.
Aleksandra Maganić from the Faculty of Law in Zagreb also spoke on this matter. She expressed confidence that a quality arbitration decision can be achieved with a shorter timeframe and lower costs (for example, without interest costs). She noted that the rules for expedited arbitration procedures will apply to disputes valued at no more than 100,000 euros, but added that they will also apply to larger amounts if the parties agree.
Legal expert Miljenko Giunio emphasized in his lecture that the new Rules can also resolve some disputes in the field of maritime law, particularly concerning domestic companies and organizations. Andreja Čavlina, the secretary of the Permanent Arbitration Court, presented the results of arbitration proceedings conducted at the Croatian Chamber of Economy so far.
