Treść głównego artykułu

Abstrakt

This paper aims to explain the relationship between the court and the tribunal of arbitration. This paper examines the importance of resolving disputes in the banking sector through arbitration versus regular courts’ advantages and disadvantages, especially in the banking sector of Kosovo. The paper focuses particularly on the growing popularity of arbitration in the banking sector in Kosovo, ultimately, arbitration as a dispute resolution procedure, especially disputes that are related to the obligation of the policy, extent of a loss or damage and other related issues with the terms of the insurance contract (policy). It concludes that the quick and effective resolution of disputes from the banking sector should see arbitration as the most efficient alternative for resolving disputes with greater professionalism and safety.

Słowa kluczowe

Arbitration Bank Banking Sector Court Insurance Company Arbitration Bank Banking Sector Court Insurance Company

Szczegóły artykułu

Referencje

  1. Board of the Central Bank of the Republic of Kosovo, Regulation on Arbitration Tribunal Procedures, 30 March 2017. https://bqk-kos.org/repository/docs/korniza_ligjore/english/Rregullore%20per%20Procedurat%20e%20Tribunalit%20te%20Arbitrazhit-Eng.pdf.
  2. Budnitz Mark E., „Arbitration of Disputes Between Consumers and Financial Institutions: a Serious Threat to Consumer Protection” Ohio State Journal on Dispute Resolution, No. 2 (1994): 267. https://readingroom.law.gsu.edu/cgi/viewcontent.cgi?article=1187&context=faculty_pub.
  3. Central Bank of Kosovo, Annual Report 2022, 2022. https://bqk-kos.org/publications/cbk-annual-report/?lang=en.
  4. Central Bank of Kosovo, Functions and Responsibilities, 2024. https://bqk-kos.org/?lang=en.
  5. Dafe Florence, Zoe Williams, „Banking on Courts: Financialization and the Rise of Third-Party Funding in Investment Arbitration” Review of International Political Economy, No. 5 (2021): 1362-1384. https://doi.org/10.1080/09692290.2020.1764378.
  6. Daly Joseph L., „Arbitration: The Basics” Journal of American Arbitration, 5 (2006): 1. https://ssrn.com/abstract=1947042.
  7. del Rio A. Oscar Ruiz, „Arbitration Clauses in International Loans” Journal of International Arbitration, 4 (1987): 45. https://heinonline.org/HOL/LandingPage?handle=hein.kluwer/jia0004&div=37&id=&page=.
  8. Fons Manuel Penades, „The Effectiveness of EU Law and Private Arbitration” Common Market Law Review, Bo. 4 (2020): 1069-1106. https://doi.org/10.54648/cola2020716.
  9. Freeman James, „The Use of Arbitration in the Financial Services Industry” Business Law International, 16 (2015): 77.
  10. Han Irene, „Rethinking the Use of Arbitration Clauses by Financial Institutions” Journal of International Arbitration, No. 2 (2017): 207-237. https://doi.org/10.54648/joia2017012.
  11. Hatami Alamdari Bahar, „The Emerging Popularity of International Arbitration in Banking and Financial Sector–Is this a Fashionable Trend or a Viable Replacement?. Doctoral thesis, University of London, 2016.
  12. Hodges Paula, Hannah Ambrose, Use of Arbitration in the Banking and Finance Sector (Part 1): Lcia Statistics Show Growth. Herbert Smith Freehills, 2022. https://hsfnotes.com/arbitration/2022/05/19/use-of-arbitration-in-the-banking-and-finance-sector-part-1-lcia-statistics-show-growth/.
  13. Horn Norbert, „The Development of Arbitration in International Financial Transactions” Arbitration International, No. 3 (2014): 279-296. https://doi.org/10.1023/A:1008947319883.
  14. Kagan Robert A., „Should Europe Worry About Adversarial Legalism?” Oxford Journal of Legal Studies, No. 2 (1997): 165-183. https://doi.org/10.1093/ojls/17.2.165.
  15. Meijer Gerard J., Richard H. Hansen, „Arbitration and Financial Services”, [in:] Controlling Capital. Public and Private Regulation of Financial Markets, ed. Nicholas Dorn. 193-209. London: Routledge, 2016.
  16. Odermatt Jed, „The Court of Justice of the European Union and International Dispute Settlement: Conflict, Cooperation and Coexistence” Cambridge Yearbook of European Legal Studies, 24 (2022): 88-110. https://doi.org/10.1017/cel.2022.9.
  17. Ollivier Nicolas, Caroline dos Santos, „Banking and Finance Disputes: to Arbitrate or not to Arbitrate, that is the Question” Schweizerische Zeitschrift für Wirtschafts-und Finanzmarktrecht/SZW, 4 (2020): 449-459. https://www.lalive.law/wp-content/uploads/2020/12/06_SZW_2020_04_Ollivier_DosSantos_SZW-Link-1.pdf.
  18. Park William W., „Arbitration in banking and finance” Arbitration in Banking and Finance, 17 (1998): 213. https://heinonline.org/HOL/LandingPage?handle=hein.journals/annrbfl17&div=6&id=&page=.
  19. „Potential of banking sector in Kosovo: Challenges and Opportunities” The Kosovo Banker, No. 16 (2019): 1-52. https://www.bankassoc-kos.com/uploads/files/2019/December/11/20_-_The_Kosovo_Banker_Nr._16_-_ENG_-_02_-_WEB1576077890.pdf.
  20. Rosas Allan, „The EU and international dispute settlement” Europe and the World: A law review, No. 1 (2017): 1-29. https://doi.org/10.14324/111.444.ewlj.2017.03.
  21. Stipanowich Thomas J., Amy J. Schmitz, Arbitration. Boston: Aspen Publishing, 2022.
  22. Tasnim Ahmed, „The CJEU and the Introduction of International Dispute Settlement Mechanisms within the EU: Is Alternative Dispute Resolution in the EU in safe hands?” Pepperdine Dispute Resolution Law Journal, 22 (2022): 491. https://digitalcommons.pepperdine.edu/cgi/viewcontent.cgi?article=1507&context=drlj.