CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
An exclusive evidentiary contract is a type of agreement in which the parties undertake to accept the assessment of a person or panel appointed to evaluate certain technical or expert matters related to a specific dispute. This agreement, particularly used in areas requiring technical expertise, functions as an evidentiary contract and carries binding consequences for the parties.
DZP has successfully represented LOT Polish Airlines before the Court of Justice of the European Union against Ryanair.
At the beginning of this year, the Court of International Commercial Arbitration of the Chamber of Commerce and Industry of Romania (CICA) has adopted a new set of arbitration rules (the New CICA Rules). The New CICA Rules govern arbitral proceedings starting with 1 January 2025, replacing the rules which were in force from 2018 (the Old CICA Rules).
European Commercial Courts are positioning themselves as alternatives to other national courts as they remain closely tied to domestic court systems.
Cobalt has successfully represented Swedish truck manufacturer Volvo Truck Corporation in a dispute initiated by Balta against Latvian truck conversion specialist Unitruck.
The distinction between a domestic and a foreign arbitral award is important because it affects the recognition, enforcement, and legal remedies available under Serbian law. The domicile of the award is determined by the seat of arbitration and the law applied to the arbitral proceedings.
In its recent decision of 19 February 2025, the Supreme Court of Hungary (‘Curia’) overturned the second-degree verdict that held fraud victims solely liable and ruled that financial institutions cannot automatically reject compensation claims. This landmark decision might open the doors for customers to claims against their banks in similar cases.
