The Bulgarian Ministry of Justice has recently published a draft law providing substantial amendments to the local legal framework on arbitration. Some of the most important aspects concerned include:
• Registration of arbitration institutions seated in Bulgaria as well as proceedings of ad hoc arbitrations and institutions seated abroad with a place of arbitration in Bulgaria
• Changes related to higher protection of individuals
• Amendments related to annulment and enforcement of arbitral awards
For further details, please review the article prepared by our Bulgarian team HERE.