ECONOMY AND ARBITRATIONS

Association of Business Lawyers of Serbia

ECONOMY AND ARBITRATIONS

In June 2018, the Association of Business Lawyers of Serbia organised a conference entitled Economy and Arbitrations. In the introductory paper, Professor Mirko Vasiljević, PhD emphasized the importance of comparative advantage in resolving commercial disputes through arbitration. In his paper, the author explored the real reasons and needs to develop alternative ways of resolving commercial disputes in Serbia, especially the lack of regulations and undeveloped practice, notwithstanding the fact that private business companies and entrepreneurs are predominantly the ones expected to recognize their interest in that issue and provide their support. The author points to the general trend of extending the domain of objective arbitration to the domains that, until recently, have been reserved for the national courts. Such intensified preference for arbitration (institutional or ad hoc) has contributed to an increasing number of arbitration disputes at the international level.