International Comercial Arbitration and the Court of Justice of the European Union preliminary decision proceedings

Article discuss issues International Commercial Arbitration has to deal with while during the proceedings or trying to render final award when there a question of European Union law interpretation or validity raised. Because one of main obligations for International Commercial Arbitration is to render healthy and enforceable award, it is under obligation to follow European Union law, otherwise its award might be set annulled or unenforceable. Also because most of the time International Commercial Arbitration is the court against whose decision there is no judicial remedy under national law, it is obliged to bring matter of interpretation or validity or European Union law before the Court of Justice of the European Union. According to the Court of Justice of the European Union case law, institutions referring questions for preliminary ruling has to be check under criteria’s, but complying with these criteria’s does not automatically mean, that Arbitration will be considered to be Court under article 267 TFEU, allowing the Court of Justice of the European Union to answer its question. The other problems International Commercial Arbitration has to deal with is losing confidentiality and ability to control time of the proceedings, which are the biggest advantages and priority for parties to choose International Commercial Arbitration as the other mean or resolving disputes. Lastly, author believes, that Court of Justice of the European Union preliminary decision proceedings should be adapted in order to be a valid tool for International Commercial Arbitration courts, but from current position it is possible only in long term