Arbitration law and practice in Albania

Albania is situated in South-Eastern Europe, in the western part of the Balkan Peninsula. As of 19 December 2006, all bilateral trade agreements signed between Albania and countries in the region were transformed into a multilateral one, the Central European Free Trade Agreement, which includes eight countries: Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Moldova, Montenegro, and Serbia. The Albanian Law on Foreign Investments provides for equal treatment of local and foreign investors in the Republic of Albania. Foreign investors in Albania can obtain the same assistance and use the same privileges and opportunities as granted by the law to local investors. If a bilateral treaty, signed and ratified by the Republic of Albania, provides for more favorable investment terms and conditions for international investors, the citizens or legal entities of the respective contracting country will enjoy preferential investor treatment (most favored nation status).