The Local Law entitles parties to decide, in case eventual disputes rise between them, instead of going in Bulgarian civil court, to bring the lawsuit before the private Bulgarian arbitration courts. This is another option for settling disputes that rise between them in relations to breach of contracts.
In practice, since the arbitration is one-instance procedure, it is often chosen by banks and creditors, to help them reach quickly issuing a payment warrant against the debtor.
In theory, the origin of the arbitration procedure is settling disputes between traders. However it is used mostly in relation to lawsuits initiated by traders against consumers who have signed contracts with Common Terms and Conditions. The fact that arbitration courts are not regulated by any governmental organizations, the right given to any graduated in law person to become arbiter or to form arbitration court, as well the fact that there are no requirements towards arbiters, especially in spite of experience and qualification, may create many danger milestones in the arbitration procedures.
If you are a party of pending lawsuit, initiated against you, we can help you with legal advice and actual legal representation during the arbitration procedure, where to protect your position in lodged arbitration claims against you.
If you are considering to start an arbitration procedure against a non-performing party, we can assist you with examination of the legal papers and preparation of the arbitration claim, as well as we can represent you at all court hearing during the process till issuance of arbitration decision. We also provide services of obtaining of writ of execution before Sofia City Court on the base of arbitration decision, because according to the local law writ of execution is only issued by this court ad not by the arbitration court, where your case was held. In regards to this we can prepare all the needed paperwork for the writ of execution issuance procedure, as well as to receive the ready writ of execution of your behalf. We have experience in representing claimants and defendants in arbitration procedures in Bulgaria.
* This is one of our legal services, which include legal advice online.
**According to our Law, free legal advice could be given by Bulgarian arbitration lawyer only to their relatives, towards other Bulgarian lawyers or to indigent citizens.