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A. LEGISLATION AND RULES A.1 Legislation International arbitration in Colombia continues to be governed by section 3 of Law 1563 of 2012 (“Law 1563”). This section is based on UNCITRAL Model Law with certain amendments (“International Arbitration Statute”). Congress is still debating Bill No. 009/21, authored by the Ministry of Justice and Law, which proposes to introduce a few amendments to the International Arbitration Statute.[1] The two proposed amendments in this bill have already been…

COLOMBIA Claudia Benavides and Jesus Villegas A. LEGISLATION AND RULES A.1 Legislation Domestic and international arbitration in Colombia continues to be governed by Law 1563 of 2012 (“Law 1563”), which entered into force in October 2012. Law 1563 provides for a different set of rules depending on whether arbitration is domestic or international. Section 3 of Law 1563, which governs international arbitration, is mostly based on the UNCITRAL Model Law with certain amendments. Law 1682…

Important companies headquartered in Peru are nowadays investing in countries of the Pacific Alliance. This is the case of Alicorp and the Gloria Group in Colombia; Brescia Group in Chile; Belcorp in Colombia, Mexico and Chile, as well as Ajegroup in Mexico and Colombia. Likewise, several Chilean, Colombian and Mexican companies are investing in other member countries. Hence Peru, Chile, Colombia and Mexico not only currently receive foreign investment, but also export investment towards other…