españolPanama: Ultimatum Issued to Colombia Over TariffsWednesday, November 16, 2016 The South American country has until 22 January 2017 to implement the recommendations and rulings established by the Dispute Settlement Body of the WTO. The announcement of the WTO comes after Colombia announced the replacement of the controversial mixed tariff by a threshold of $10 / kg for clothing and between $6 and $10 per pair of shoes, and the temporary application of maximum tariffs of 40% and 35%, respectively and above that threshold, a tariff of 15%. Litigation Costs in PanamaTuesday, March 12, 2013 The litigant must bear the costs of the judicial process when they posses a monthly income over $500 or own property registered in the Public Registry. An article by Alvaro Santana in Martesfinanciero.com reports that "In Panama, the administration of justice is free and there are no fees or taxes" with attorney's fees, making up about 80% of the costs of litigation. Italian Member of GUPC Issues UltimatumFriday, January 10, 2014 In a strong statement the Italian company warns of serious consequences if the Canal Authority does not agree to pay the cost overruns. In an official statement the major partner, along with the Spanish company Sacyr, in the consortium Unidos por el Canal, warns that the Canal constructors are not social welfare companies, they have been contracted to do the work and they are not the owners, for which reason they should not have to bear the costs of the work. ACP Prepares to Take Over Canal RedevelopmentThursday, January 9, 2014 As a precaution against the conflict not being resolved with the construction consortium, the Panama Canal Authority is already planning for the expansion works to carry on under its management. The administrator of the ACP, Jorqe Quijano, announced that on Monday January 13 there will be a meeting with Zurich, the project's insurer, noting that the Canal Authority has $548 million available for the financing of the work in letters of credit and $442 million in reserve. "Great Business" in courtWednesday, May 15, 2013 Transnational oil and mining companies are taking states to international arbitration where "they get money that they did not even invest." So says Manuel Perez Rocha, coordinator of the Network for Justice in Global Investment in Washington, who explains that when a Latin American state suspends exploration or exploitation permits, multinationals always manage to extract profits from international courts, particularly the International Centre for Settlement of Investment Disputes (ICSID). Conciliation and Arbitration Centers in Costa RicaTuesday, March 19, 2013 While conventional courts take between 4 and 7 years to rule on a case, conciliation and arbitration centers do so in between 8 and 10 months. The country currently has 15 centers and 17 Justice Houses of a public nature for alternative dispute resolution. Ruling Against Peru and in Favor of Guatemalan AgricultureThursday, December 17, 2015 Peru must implement the resolutions of the Dispute Settlement Body in the case of the price band imposed on imports of agricultural products before March 2016. From a statement issued by the Ministry of Finance in Guatemala: McDonald Fined $24 Million in El SalvadorTuesday, September 8, 2009 After 14 years of litigation, the Supreme Court of Justice ruled in favor of Salvadoran company Servipronto. The mercantile trial for contract noncompliance between Servipronto and McDonald's began in 1997. WTO Confirms Dominican Republic Violated RulesWednesday, February 1, 2012 The report argues that tariffs on Central American imports imposed by the Dominican Central on tubular fabric and polypropylene bags, of up to 38%, are in violation of its rules. The Central American tariffs on imports of tubular fabric and polypropylene bags, imposed by the Dominican Republic, are in violation of the rules of the World Trade Organization (WTO), said a report by the agency. 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. Costa Rica: $212,000 to Dissatisfied Customer of Popular ValoresFriday, May 3, 2013 An arbitration has required the brokerage firm Popular Valores to pay more than $212,000 to a dissatisfied customer, due to breach of obligations regarding information and advice. The process was handled at the Center for Conciliation and Arbitration at the Chamber of Commerce in Costa Rica. According to this tribunal, Popular Valores "breached its obligations regarding information and advice" in their relationship with the client. Panama's Potential as an International Arbitration CenterFriday, August 16, 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. " Canal Expansion: When The Cheap Option Turns Out to Be ExpensiveFriday, January 10, 2014 Having glossed over the Bechtel report on technical deficiencies in the very cheap proposal made by Grupo Unidos por el Canal for the Canal expansion, the project could now turn out to be very expensive for the ACP. At the time of the award of the construction works on the Panama Canal expansion to the consortium Grupo Unidos por el Canal (GUPC), the efforts made by the U.S. government to reverse this decision in favor of the construction consortium led by american Bechtel and the Japanese companies Taisei and Mitsubishi (BTM) were well known. Military Personnel in Private Companies in NicaraguaMonday, December 16, 2013 This compromises the integration in the region, because it will never be a good idea to do business with someone who has a gun in their hand. EDITORIAL: Arbitration in GuatemalaMonday, November 25, 2013 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." |
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Tuesday, January 31, 2023 - last update: Friday, 1:31 pm
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