españolRuling 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: Panama: 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. 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. The Trade Conflict between Panama and ColombiaFriday, June 19, 2009 Colombia alleges that it needs more time to implement necessary changes to its laws in order to remove trade barriers on Panamanian products. The article from Prensa.com, points out that, “On May 20th, the OMC announced that its department for the Solution of Controversies condemned Colombia for its violation of international trade laws for impeding the import of Panamanian products like textiles, most frequently originating from the Free Trade Zone of Colón to Colombian ports.” Panama: "Firm Hand" Demanded for ColombiaTuesday, November 15, 2016 Preventing the participation of Colombian companies in the tender processes is one of the actions proposed by Panamanian businessmen as a retaliatory measure to the conflict over tariffs. "More forceful and effective action" is what the Panamanian Association of Business Executives is demanding of the Varela government, to defend the interests of Panama in the conflict over the collection of fees in Colombia on imports of textiles and footwear coming from the Colon Free Zone. Dominican Tariffs to Remain Until AprilThursday, February 2, 2012 Although a WTO ruling said that the taxes and polypropylene bags and tubular fabric from Central America violate their rules, they will not be removed until April 2012. The Dominican Republic has announced that it will keep the tariffs on tubular fabric and polypropylene products from Central America in place until April, even though the World Trade Organization (WTO) considers that they have violated international trade rules, according to the AP as reported by the online edition La Prensa Grafica. Central America Wins Dispute with Dominican RepublicFriday, October 21, 2011 The WTO has provisionally determined that the measures imposed by the Dominican Republic, charging tariffs of up to 38% on imports of certain products from the region, are inconsistent with its trade obligations. The lawsuit filed at the World Trade Organization (WTO) by El Salvador, Honduras, Guatemala and Costa Rica objected to the high tariffs imposed by the Caribbean country on products from the region. Dominican Rep. Removes Tariff on PolypropyleneTuesday, March 27, 2012 By eliminating the tariff of 38%, conditions for the export of tubular fabric and polypropylene bags to the Dominican Republic return to normal. A statement from the Ministry of Foreign Trade of Costa Rica: |
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