Panama: New Rules for Arbitration

Changes have been made to the way that complaints are made and to testing, the time to respond to claims and counterclaims as well as the rules in order to incorporate third parties into the arbitral process.

Friday, June 12, 2015

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

Panama, June 12, 2015.- The Center for Conciliation and Arbitration of Panama (CECAP), hosted by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) held the official launch of the New Arbitration Rules A contribution to the administration of justice which will run from August 1 this year.

The new edition contains Law 131 of December 2013 and involves improvements in the provision of arbitration, said Cesar Tribaldos, as chairman of CECAP during the event attended by lawyers, arbitrators, representatives of the judiciary and members of the Business sector.



More on this topic

Panama: International School of Maritime Arbitration

May 2014

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.

Arbitration in Guatemala

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

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."

Panama's Potential as an International Arbitration Center

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. "

Center for Alternative Dispute Resolution

December 2011

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.

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