The growth projected in the maritime industry is encouraging the creation of an entity focused on reconciliation and conflict resolution between shipping companies and businesses.
Promoting commercial arbitration as a method of conflict resolution and seeking to consolidate Panama as a competitive regional logistics center, the Maritime Chamber of Panama in the country is looking to establish an International School of Maritime Arbitration.
This compromises the integration in the region, because it will never be a good idea to do business with someone who has a gun in their hand.
Integration assumes there is a common set of rules based on a philosophy which is also commonly held by all participants in the group. The Central American countries have - so far - rules that allow the development of their economies according to liberal criteria which - below the relationship between companies - leaves out force as a factor in conflict resolution, appealing - always - to systems of justice.
The government will have to pay $35 million to the company OAS for breach of contract in the award of the construction of the road from San Ramon to San José.
The payment will be made in March 2014 with funding from the National Concessions Council and the budget allocated to that entity for the coming year, said Roberto Gallardo, Minister of Planning and member of the National Council of Concessions.
While conventional courts take between 4 and 7 years to rule on a case, conciliation and arbitration centers do so in between 8 and 10 months.
The country currently has 15 centers and 17 Justice Houses of a public nature for alternative dispute resolution.
One example is the Alternative Justice Center created by the Lawyer's Association of Costa Rica, in January 2012, which in less than a year has resolved between 28 and 30 processes of conciliation and arbitration. However, it took 8 years to enter into play with other organizations who had already been in operation for over a decade, and are authorized by the State to conciliate and arbitrate conflicts.
The Lawyers Association of Costa Rica has opened a mediation or arbitration center, which can be used for work, family, commercial or civil conflicts.
Covered by the Law on International Commercial Arbitration May 2011, the Center for Alternative Justice and Lawyers Bar Association of Costa Rica also aims to host international arbitration.
An article in Elfinancerocr.com reported that "The new center joins existing ones in the country, such as those located in the Costa Rican Chamber of Commerce, the Federated College of Engineers and Architects and the Costa Rican North American Chamber of Commerce (AmCham). "
Key figures for each country: Budget, Expense per capita, Case resolution rate, Transparency, Number of judges and courtrooms and Perception of independence.
A society’s development is heavily based on its ability to peacefully, rapidly and impartially resolve conflicts through its judiciary system. This is why modern societies work hard to have strong and efficient systems, way beyond the rhetoric and formal division of powers.
Throughout the region, arbitration and conflict resolution laws recognize and reflect the fundamental principle of "judicial assistance."
Part 2 of the analysis by Álvaro Castellanos Howel in an article published in the blog section of Eleconomista.net insists on the idea that judges should be limited to serve as assistants in the processes of private arbitration.
The region already has rules for arbitration and other alternative methods for conflict resolution that are in line with international standards regarding arbitration.
The analysis of Álvaro Castellanos Howel in the article published in the Eleconomista.com Blogs section focuses on the need for the state judicial system to understand its role in assisting and working with arbitration and dispute resolution systems.
Maranco Belize offer fast reliable service, modern equipment, competitive rates, 70 year experience worldwide whether your needs are for farming, industrial, private house lots, community projects. We have drilled successful water wells producing fresh...
Aguilar Castillo Love is a leading international law firm with offices in Central America and Ecuador.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America
Phone: (505) 2225 8748
The law firm Alvarenga & Mirón is created to respond to the necessities of the global legal market that requires legal advise, notarial and litigation services in general of the highest quality.
Operates in El Salvador
Phone: (503) 2223 6904 - (503) 2224 3846
More than a Law Firm. Lex Counsel & Co. is a business ally, an integral adviser and a support team for all our client’s needs. We established our firm to offer high quality services both at national and international level, under a renewed professional proposal, endorsed on standards that guarantee options abilities, personal and permanent contact and quality results on every transaction we intervene.
Operates in Panama
Phone: (507) 366 6400 - (507) 366 6401