DYNAMICS AND PARTICULAR FEATURES OF AN ARBITRATION DECISION IN BULGARIA

In Bulgarian law, in the event of arbitration decision which provides for a definition of relations between two or more parties with respect to a contract, there is a possibility of a formal review of the decision, which is expressed by an appeal to the Supreme Court of Cassation for annulment of the arbitration decision.

This possibility of cancellation is regulated in Art. 47 of the International Commercial Arbitration Act. The term in which the request can be submitted is three months from the day on which the party received the arbitration decision. Arbitral tribunals usually send their decisions to the parties by post, courier or in person.
The deadline for submitting the request for revocation starts from the date of receipt of the arbitration decision.

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