The traditional linear economic model (‚extract – produce – consume – consume – dispose’/ ’take – make – waste’) has shaped the economic development for centuries, but its negative impact on the environment and natural resources has become increasingly evident. By intensively exploiting raw materials without adequate conservation or reuse measures, this model has led to an over- exploitation of natural reso...

This article provides a detailed analysis of the procedure of recognition and enforcement (exequatur) of foreign commercial arbitral awards in Romania. In Section I, the analysis starts with the determination of the conditions for the recognition and enforcement of a foreign arbitral award in Romania, based on the applicable legislation, i.e. the 1958 New York Convention and Art. 1124-1133 of the Code of Civil Procedure. Then, on the bas...

The Romanian legislator regulated the intervention of the state courts in the arbitration in order to remove the obstacles encountered in the organization or conduct of the arbitration or in order to fulfill other duties of the court in the arbitration. The article makes a thorough investigation of the intervention of state courts in arbitration, regulated by Art. 547 Romanian Civil Procedure Code and begins with a brief presentation of...