Arbitration in Guatemala

With the upcoming implementation of the Third Central American Convention on Arbitration Centers the use of alternative methods of dispute resolution is being encouraged.

Monday, November 25, 2013

Alfredo Skinner-Klee, an expert in arbitration from the company Arenales & Skinner Klee said in an interview with Elperiodico.com.gt conducted by Lorena Alvarez: that "Arbitration has become a major institution in the trade, in international transactions and in the last 20 years resolution mechanisms via arbitration investment disputes have been enabled."

The lawyer explained that arbitrations are much quicker than filing a lawsuit in court, in addition, there is more privacy to the dispute. "Guatemala is learning and needs to make a bigger effort, because as long as more international trade agreements with arbitration clauses are being signed, it must be prepared to defend them. "

It "should make an effort to develop the mechanism for use by the Chamber of Commerce, which has a presence across the country, and can help traders to turn to these settlement mechanisms which are faster, easier and more private when going through the Center for Arbitration and Conciliation (Cenac) ".



More on this topic

International Conference on Arbitration in Panama

February 2016

Experts will be meeting in Panama City from 16th to 18th of March to discuss issues and progresses related to arbitration procedures in Latin America and the world.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:

Panama, February 29, 2016.

V International Congress on Arbitration

February 2014

Arbitration experts from 23 countries will meet from 23 to 25 February in San Jose, Costa Rica.

From 23 to 25 February, arbitration experts from 23 countries will meet in Costa Rica which will host the V International Arbitration Congress, entitled: "International Arbitration: Challenges and Trends".

The Downside to Private Arbitration

April 2013

Putting a trade dispute in the hands of conciliation tribunals and private arbitration is not quite as convenient as it may seem at first glance.

Jerry Ten Brink, in an article in Elfinancierocr.com analyzes the common practice among businesses of establishing the jurisdiction of a private tribunal in resolving disputes which may arise.

Little Commercial Arbitration in Nicaragua

May 2012

A study funded by FUNIDES says that despite the advantages of the system, the practice of commercial arbitration in the country is very limited.

A Statement from the Nicaraguan Foundation for Social and Economic Development reads:

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presented on Thursday April 12th its study "Practice of Commercial Arbitration in Nicaragua", prepared by the consultant Elsy Marenco.

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