Bucharest International Arbitration Court (BIAC)
The Bucharest International Arbitration Court (BIAC) is a new Romania-based arbitration center, focusing on business and commercial disputes in the Romanian and English languages, especially involving foreign investors and multinationals active in Romania.
BIAC’s closed list of Romania-based and foreign arbitrators includes well-known international arbitrators who are specialized in niche areas such as FIDIC/construction law, international commercial and corporate law, intellectual property (IP) rights, banking, corporate and project finance as well as VC/PE investments.
BIAC’s rules of arbitration are based on a combination of "best practices" arising from various international arbitration rules such as UNCITRAL, the LCIA, the ICC and the AAA/ICDR, and by reference therein has adopted the International Bar Association’s Guidelines on Conflicts of Interest in International Commercial Arbitration and the International Bar Association’s Rules on the Taking of Evidence in International Commercial Arbitration.
As a group of counsel, arbitrators, representatives of corporates, states, arbitral institutions, academics and others involved in the practice of international arbitration, we are committed to improving the profile and representation of women in arbitration. In particular, we consider that women should be appointed as arbitrators on an equal opportunity basis. To achieve this, we will take the steps reasonably available to us – and we will encourage other participants in the arbitral process to do likewise – to ensure that, wherever possible:
- committees, governing bodies and conference panels in the field of arbitration include a fair representation of women;
- lists of potential arbitrators or tribunal chairs provided to or considered by parties, counsel, in-house counsel or otherwise include a fair representation of female candidates;
- states, arbitral institutions and national committees include a fair representation of female candidates on rosters and lists of potential arbitrator appointees, where maintained by them;
- where they have the power to do so, counsel, arbitrators, representatives of corporates, states and arbitral institutions appoint a fair representation of female arbitrators;
- gender statistics for appointments (split by party and other appointment) are collated and made publicly available; and
- senior and experienced arbitration practitioners support, mentor/sponsor and encourage women to pursue arbitrator appointments and otherwise enhance their profiles and practice.
Bucharest International Arbitration Court (BIAC) is an independent Romania-based court of arbitration established under the auspices of the American Chamber of Commerce in Romania (AmCham Romania), which is providing a reliable forum through which companies come together and exchange information to promote and develop their mutual interests in Romania and global competitiveness of the country.
BIAC aims to assist business persons as well as local and multinational companies doing business in Romania, with respect to the adjudication of all types of contractual disputes between parties which have a presence in Romania, including parties which have concluded contracts in a language other than Romanian.
BIAC is ensuring arbitration services provided in a fair, transparent and expeditious manner, and of a quality comparable to well-known international arbitration institutions.
BIAC has rules of arbitration that are based on a combination of “best practices” in line with those of well-known international arbitration institutions and is appointing Romanian and foreign arbitrators which have strong reputations and substantial professional experience.