The arbitration decision is final, it has the force of a final court verdict, it is not possible to appeal to it, which prevents the delay.

Business disputes in Macedonia have been stuck in national court labyrinths for years, while in the region, both in European and worldwide, they are settled by arbitration.

According to Macedonian Chambers of Commerce (MCC), the International Chamber of Commerce (ICC) Arbitration through the National Committee of ICC becomes available to Macedonian companies.

– The International Arbitration Court of the International Chamber of Commerce is the leading arbitration institution in the world, which increases the opportunities for domestic companies to quickly and effectively resolve disputes arising from agreements concluded with international partners. When concluding agreements between business partners, the experience has shown that in large part, the choice of an arbitration court in the contract itself is key, which would act in the event of a dispute as a guarantee of a secure business partnership and a fair settlement of the dispute. Arbitration means faster resolution of disputes, with the participation of judges who are proven authorities in global frames – said the president of SSK Danela Arsovska.

According to her, the advantage is that the arbitration decision is final, it has the force of a final court verdict, it is not possible to appeal to it, which prevents the delay in the procedure.

– MCC, together with the International Chamber of Commerce in Macedonia, launched a series of educational info-sessions aimed at raising awareness of dispute resolution in the most modern international practices, which means saving time, money and human resources. The companies are introduced to the latest rules of the International Arbitration Court, current trends, international experiences and in general, with the advantages of using the arbitration. In the world, even 80% of commercial disputes are resolved through arbitration, which points to the security of the procedure – said Arsovska.

And the countries from the region are leading in the settlement of business disputes by way of arbitration, while in our country, the President of the MCC,

The 1923 ICC Arbitration resolves international business disputes in support of trade and investment.