Belgian-Macedonian Business Club

Arbitration is a possibility to solve legal issues not via the state juridical system, but via independent institutions. It is supposed to be faster, cheaper and with better results.

Arbitration is done in-country, but even more between countries via international arbitration courts. In general, arbitration is

• based on an agreement between two parties to solve their issue via arbitration
• The nomination of one arbiter by each party
• the nomination of a third arbiter by the two nominated arbiters

and they come to a majority conclusion that can either be recognized or not. But if the company agreement was that arbitration was the way to go, it will be difficult to find a different statement from a court.

Arbitration is very common in commercial terms. Issues that can be dealt via arbitration could be

• is a change in a building execution due to factual circumstances – there was no way to build it differently – or a lack of delivery?
• is a delay in the delivery of a good or service due to external circumstances or due to a fault of the supplier?
• Is a problem covered by the supplier warranty or not?

For this type of case, it is far more important to have a knowledge of construction, business or production than legal experience to read a law.

Find the following information about arbitration in North Macedonia by the law firm Aceris Law: Arbitration in North Macedonia