Business rejects changes to arbitration law in El Salvador

Salvadorean businessmen fear that a proposed change in the arbitration law might place in danger judicial security and the arrival of investment in their country.

Friday, June 20, 2008

"The deputies take two years to pass a law that encourages economic development of the country and two hours to consider one that's going to ... undermine judicial security," said Jorge Daboub, president of the national Chamber of Commerce.
The Salvadorean Foundation for Economic and Social Development echoed the concerns of the chamber. Claudia Umaña, director of the foundation's legal studies, called the measure "a very dangerous precedent."

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