Deniz polisinden Adalar çevresinde 'deniz taksi' denetimi

The Bulgarian Ministry of Justice announced that as of 3 December, the Arbitration Register has officially become operational and the regulation defining its functioning has entered into force.

As a result of amendments to the Arbitration Act — the first of their kind in Bulgaria’s history — a modern Arbitration Register was established in a short period. The Ministry stated that the register records all arbitration institutions based in Bulgaria and all arbitration proceedings seated within the country, including private arbitrations.

The announcement emphasized that fundamental information on arbitration institutions and the names and professions of registered arbitrators will be publicly accessible, while sensitive data — such as parties to cases, procedural details, and submitted documents — will remain confidential.

The Ministry stressed that the main purpose of the register is to increase transparency and public trust in the arbitration process by preventing “fake arbitrations” and abuse. The new system enables citizens and legal entities to easily verify the legitimacy of arbitration institutions and the qualifications of arbitrators.

It added that the reform was introduced in response to problems caused in the past by decisions issued by largely uncontrolled arbitrators, which led to scandals. Requirements for arbitrators have been strengthened, and the protection of individuals who are not traders or entrepreneurs has been enhanced. Explicit consent for arbitration and real service of documents have been made mandatory, while the possibility of constructive service has been removed.

Europe Asia News

 

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