IV International Congress of ArbitrationWednesday, January 30, 2013 Costa Rica will host the Congress which will focus on continental law and the so called Common Law in International Arbitration. The event will be held on 18 and 19 February this year and will include the participation of prominent lawyers and experts in these legal figures, which are crucial for trade and public-private and multilateral business relations. WTO Finds In Favor of Panama in Financial Services CaseTuesday, October 20, 2015 A ruling has been made that Argentina violated international trade rules by imposing eight financial, fiscal and exchange measures against a group of countries, including Panama. "... It was found that the measures relating to financial services violated obligations of Most Favoured Nation (MFN) under the General Agreement on Trade in Services (GATS), and other complaints made by Panama (DS 453) under the General Agreement on Tariffs and Trade (GATT) were dismissed, according to the report made by the International Centre for Trade and Sustainable Development. Latin America: A Mecca for ArbitrageTuesday, April 27, 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. The Downside to Private ArbitrationMonday, April 1, 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. International Conference on Arbitration in PanamaMonday, February 29, 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: Tariff dispute: Colombia wins the caseFriday, October 5, 2018 The WTO decided that Colombia has complied with a resolution that required it to remove tariffs and restrictions on imports of textiles, clothing and footwear from the Libre de Colón zone in Panama. The conflict arose after a complaint by Panama after Colombia imposed a tariff on textiles and footwear from the Libre de Colón Zone. The dispute began more than five years ago. Panama: New Rules for ArbitrationFriday, June 12, 2015 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. From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama: International Arbitration Congress in Costa RicaWednesday, February 11, 2015 The event which will be held from February 22nd to 24th in San José will focus on the practice of international arbitration in resolving contractual problems in construction projects. From a statement issued by the International Chamber of Commerce in Costa Rica (ICC): State of Guatemala Sued for $672 MillionMonday, December 7, 2009 The lawsuit was filed by Iberdrola, main shareholder and operator of EEGSA (Empresa Eléctrica de Guatemala, 'Electric Company of Guatemala'). It is the largest in Guatemala's history, and has its root in lack of agreement regarding an energy distribution tax called 'VAD' (Valor Agregado de Distribución), which came into effect on August 2008. V International Congress on ArbitrationWednesday, February 19, 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". Nicaragua and Grupo Barceló Reach AgreementMonday, June 29, 2009 After a year of negotiations, the government of Nicaragua decided to drop its lawsuit against the Spanish consortium. The government had sued the hotel group Barceló in an international court for noncompliance of a contract to purchase a resort on the Pacific coast. Arbitration Between Mining Company and El SalvadorTuesday, July 7, 2009 Pacific Rim interposed an arbitrage against El Salvador, process that started on June 15. The arbitration was interposed by Pacific Rim on the grounds that the country did not grant permission for the start of operations of El Dorado, a gold extraction project located in the Cabañas department. Center for Alternative Dispute ResolutionTuesday, December 20, 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. El Salvador: Nejapa Power Wins $18 Million in ArbitrationMonday, December 14, 2009 CEL, the state owned energy company, will have to pay the U.S. company over $18 million in compensation. The dispute between both organizations started in 1999, when CEL decided to end an energy procurement contract enacted 5 years earlier with energy generator Nejapa Power. The parties were unable to land satisfactory indemnification terms, so they proceeded to international arbitration. Possible Arbitration Changes in DR-CAFTAWednesday, October 28, 2009 The passing of Trade Act 2009 in the U.S. could modify arbitration regulations in DR-CAFTA. Congressman Michael Michaud (D-ME) and 106 other congressmen introduced TRADE (Trade Reform, Accountability, Development, and Employment) Act of 2009, which calls for a reevaluation of international trade agreements. |
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