Vilnius Court of Commercial Arbitration

Vilnius Court of Commercial Arbitration is located in Vilnius, Lithuania on M. Valančiaus str. 1A-7. Vilnius Court of Commercial Arbitration is rated 3 out of 5 in the category alternative dispute resolution in Lithuania. The process of globalization takes place all over the world. Due to this fact more and more opportunities appear for the development of business on international level. However, it follows that the increase of both international and domestic commercial disputes is inevitable. The disputing parties of international business agreements often derive from diverse cultural and legal traditions. Since they lack information about the peculiarities of civil proceedings in national courts and avoid publicity of public proceedings, they are often willing to bypass the litigation in the state courts. Vilnius Court of Commercial Arbitration – is an attractive alternative to solve both national and international commercial disputes in a confidential way. Vilnius Court of Commercial Arbitration was established as a result of the reorganization of the two arbitration institutions. At the end of October 2003, two main Lithuanian permanent arbitration institutions – the Arbitration Court at the Association International Chamber of Commerce Lithuania and the Vilnius International Commercial Arbitration were merged into one institution, the Vilnius Court of Commercial Arbitration (VCCA). Vilnius Court of Commercial Arbitration was registered as a permanent arbitration institution with the Ministry of Justice of the Republic of Lithuania on 27 September 2003.