If it is passed by the Legislative Assembly, the country will be enabled to handle international arbitrage processes. Currently, Costa Rican arbitrage centers may only handle national disputes.

Elfinancierocr.com reports: "Arbitrage centers handle dispute settlement faster and more efficiently than national courts, but they only apply if both parts previously agreed on using them".

Source: elfinancierocr.com

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Protection of Chinese Investments in Costa Rica

March 2016

After almost a decade of debate, Congress has finally approved a treaty on the promotion and reciprocal protection of investments between the two countries.

The expected approval of the agreement on reciprocal protection and promotion of investments could start clearing the way for Chinese investment in the country, which has so far remained paralyzed.

Channel Opened to Chinese Investment in Costa Rica

October 2015

Approval of the investment protection agreement between the two countries would facilitate installation in the country of 18 Chinese companies who have shown interest in setting up here.

The delay in approving the law approving the agreement for the promotion and protection of investments between China and Costa Rica was the main reason for the non-realization of the plans of six companies that intended to invest in the country, according to Minister of Foreign Trade Alexander Mora. These companies are part of an initial list of eighteen Chinese companies who have been in negotiations for more than a year.

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August 2013

The country has the optimal geographic location, adequate infrastructure, modern legislation regarding these matters, and lawyers specializing in international commercial litigation.

According to Roman Feoli firm partner at Feoli & Co., "Panama has all the tools necessary to make this activity one of the largest in the country, all that remains is to make the decision as a country to achieve this goal and start to promote ourselves around the world. "

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April 2010

Although the region only accounts for 10% of the global economy, it is involved in 50% of all international arbitrages filed for noncompliance in foreign investment contracts.

20 years ago, there were few cases which required international arbitrage in Latin America, and they only accounted for a few million dollars. Nowadays there are a dozens, for hundreds of millions, and in some cases, billion dollars.