Both countries have already submitted formal documents in which Costa Rica denounces the non-application of tariff preferences on juices and tires exported to El Salvador under the CAFTA agreement.
Now that the formal documents have been presented, representatives from the governments of Costa Rica and El Salvador will await resolutions and new dates to proceed with the arbitration.
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".
Those attending the event, which will be held at the Real Intercontinental Hotel, will hear about "trends that have developed in international practice."
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.
Ten Brink points out, among some of the problems that can be incurred in this practice, the high cost of these justice services, latent conflicts of interest among judges, the acting lawyers and the parties involved in the conflict, lack of transparency for procedures, and the lack of a "second instance".
The Chamber of Commerce (ICC) has launched a new version of the rules of arbitration, which will become effective from the first of January 2012.
The new version aims to improve the current and future needs of companies and governments involved in trade.
The Arbitration Rules 2012 remains true to the values and preserves the essential characteristics of ICC arbitration, while adding new provisions to address such topics as contracts and disputes involving multiple parties, updating procedures for
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.
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.
"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.
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