Miami Hosts Two Conferences On Latin American Arbitration

, Daily Business Review

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At two international conferences on Latin America, panelists in Miami explored the challenges associated with international arbitration, which is fast becoming the preferred form of dispute resolution in the region.

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What's being said

  • Excellent article. International Arbitration in Latin America will continue to thrive for the foreseeable future.

    The biggest problem in the region is its painfully slow court systems. By way of example, it takes 1,402 days to enforce a contract in Guatemala; in Colombia it takes 1,288 days to enforce a contract, 426 days in Peru, 480 days in Chile, 590 days in Argentina, 610 days in Venezuela, 725 days in Uruguay, and 731 days in Brazil.

    Until the region implements modern court procedures and streamlines its bloated bureaucracy, parties will continue to favor international arbitration over the local courts.

    This point was recently highlighted in the International Business Law Advisor.

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