A. LEGISLATION AND RULES A.1 Legislation International arbitration in Colombia continues to be governed by Law 1563 of 2012 (“Law 1563”), which entered into force in October 2012. Section 3 of Law 1563 governs international arbitration and is based on UNCITRAL Model Law with certain amendments (“International Arbitration Statute”). Currently, Congress is debating Bill No. 009/21, authored by the Ministry of Justice and Law, which proposes to introduce a few amendments to the International Arbitration…
COLOMBIA Claudia Benavides and Jesus Villegas A. LEGISLATION AND RULES A.1 Legislation Domestic and international arbitration in Colombia…
COLOMBIA Claudia Benavides and Jesus Villegas A. LEGISLATION AND RULES A.1 Legislation Domestic and international arbitration in Colombia…
Colombian constitutional law provides an action for the defense of fundamental constitutional rights, known as a “tutela action.” The tutela action has been accepted against domestic awards on the same grounds of a tutela action against judicial decisions, related mainly with violations of due process, such as procedural errors of sufficient gravity, errors of sufficient gravity on the examination of evidence or evidently erroneous factual findings. However, there is still discussion regarding the possibility of…
Venezuela’s withdrawal from the ICSID Convention does not prevent foreign investors from relying on other mechanisms in order…
Important companies headquartered in Peru are nowadays investing in countries of the Pacific Alliance. This is the case…
Report on the Changing Global Markets Forum – Opportunities & Risks in Latin America – Held on 14 October 2014 at the HKIAC’s headquarters in Hong Kong Last week, South American visitors wandering around the Admiralty district in central Hong Kong would recognize, with certain familiarity, the barricades formed by student demonstrations. Such scenes are recurrent in Rio de Janeiro or Buenos Aires; still, they are more striking when framed by the futuristic architecture of…