In recent years, it has become increasingly common for companies in North Macedonia to choose arbitration as the method for resolving disputes in cooperation agreements, instead of judicial proceedings, which usually take considerably longer. However, the Macedonian legislature has not fully regulated all the legal aspects related to arbitration procedures.

One key issue that remains unaddressed is the impact of an open bankruptcy proceeding against the debtor registered in North Macedonia on an ongoing arbitration process where the debtor is a respondent.