Latvia - Chapter 6 - Arbitration Law and Practice in Central and Eastern Europe - Second Edition
1. GENERAL LEGAL FRAMEWORK
1.1 National law
a) Current status
What is the current status? When was it enacted? Have there been amendments?
The Civil Procedure Law (“CPL”) came into force on 01. 03. 1999. On 01. 01. 2015 the Law on Arbitration Tribunals (“LAT”) came into force, and one year later on 06.10.2016 the Amendments to the LAT were passed by the legislator with the date becoming effective on 03.11.2016 (“2016 Amendments”). On 01.01.2015 several sections of Chapter D from the CPL were excluded which dealt with arbitration tribunals (general provisions, arbitration agreement, preparation for arbitration proceedings, resolving of disputes in arbitration tribunals, awards by arbitration tribunal). The recent amendments to Section 66 of Chapter D of the CPL dealing with the execution of arbitration awards came into force on 01.01.2015 and the recent amendments to Section 78 of Chapter F dealing with the recognition and enforcement of awards of foreign arbitration tribunals came into force on 26. 05. 2015.
Article 1 of the LAT foresees that the provisions of this law shall be applied to arbitration proceedings in Latvia.
The transitional regulations (Article 1) of the aforementioned law foresee that the founder of the permanent tribunal of arbitration, registered in the Register of Arbitration Tribunals, shall submit to the Company Register by 1 June 2015 certification on the conformity of the permanent tribunal of arbitration:
1) to Part 2 of Article 2 of the law pursuant to which a permanent tribunal of arbitration can be established by an association registered in the Company Register (founder of the permanent tribunal of arbitration) and the goal of activity of which is the activity of the permanent tribunal of the arbitral tribunal;