October 28, 2021

Volume XI, Number 301

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International Arbitration in the Americas: An Agent of Change?

It’s practically common knowledge that litigating in Latin American jurisdictions can be a tedious, never-ending process that would render the ‘juice’ not worth the squeeze. Doing business in Latin America, therefore, has always come with a  catch – the necessity for an arbitration clause that specifically delineates the procedure for how a dispute should be settled should one arise.

Latin America Arbitration Clause, International Centre for Dispute Resolution

One Latin American jurisdiction has taken note of the confidence a definitive arbitration system instills in potential investors, and has made great strides in introducing an efficient and reliable system into their legal infrastructure. Colombia’s Centro de Arbitraje y Conciliacion (CAC) was created to support the country’s efforts to make it a more desirable place for international business. In 2012, CAC formed a strategic partnership with the International Centre for Dispute Resolution (ICDR) and together have hosted an annual conference on international arbitration in Bogota. This year’s conference explored ways to enhance predictability in Colombian arbitrations, and discussed some key issues that frequently arise throughout the process.

To read more about the lessons we learned during the conference, click here.

© 2021 Bilzin Sumberg Baena Price & Axelrod LLPNational Law Review, Volume V, Number 9
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About this Author

Our diversity of experience allows us to do more for our clients than assist them with their capital raising and corporate transactional needs. We regularly represent health IT users, manufacturers in various industries, telecommunications and information service providers, software and technology developers, real estate developers, operators in the hospitality space, and many other providers and users of technology and telecommunications products and services in technology and intellectual property transactions vital to their success.

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