Ley de Arbitraje Comercial (Commercial Arbitration Law)
Settling a dispute with arbitrators.
Branch 15 of 15
Arbitration and alternative dispute resolution
Arbitration and settlements
What it covers: Settling a dispute without going to court, through arbitrators or by agreement.
Its main laws
1958 New York Convention (Convention on the Recognition and Enforcement of Foreign Arbitral Awards)
So an arbitral award is valid abroad, and a foreign one is valid here.
1975 Panama Convention (Inter-American Convention on International Commercial Arbitration)
So an arbitral award is valid abroad, and a foreign one is valid here, among countries in the Americas.
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Arbitration and settlements