The Permanent Arbitration at the Chamber of Commerce and Industry of Serbia

The new Law on Chambers of Commerce (“Official Gazette of RS” no. 112/2015), provides for a formation of a single arbitration institution within the Chamber of Commerce and Industry of Serbia, which has jurisdiction to decide in commercial disputes between domestic and / or foreign commercial entities, if it has been agreed on by the parties.
As of 30 June 2016, the Rules of the Foreign Trade Court of Arbitration (“Official Gazette of the RS” No. 2 / 2014) entered into force, by which two independent arbitration institutions that existed at the Chamber of Commerce and Industry of Serbia: the Foreign Trade Court of Arbitration and the Permanent Court of Arbitration, are replaced by the Permanent Arbitration at the Chamber of Commerce and Industry of Serbia.
The Permanent Arbitration is competent to settle all types of disputes arising out of their commercial (business) relations, under the condition that the parties have agreed on its jurisdiction. The jurisdiction of the Permanent Arbitration can be agreed by all commercial entities (companies) irrespective of their nationality or membership in the Chamber of Commerce of and Industry of Serbia. Important novelty represents the possibility that the parties in dispute can appoint as arbitrator any domestic or foreign person except if parties agreed on some special additional conditions in regards to qualifications of the arbitrators.