Arbitration, Arbitration Act, Arbitration Agreements, Arbitration Awards, Arbitration clause

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American Society of International Law (ASIL)

Costa Rica has a new Arbitration Law, which is based on the 2006 version of the UNCITRAL Model Law. The relative speed with which the new Arbitration Law was adopted came as a surprise to many. Only a few months ago, at the Second International Arbitration Congress organized by the ICC Costa Rica in San…

Arbitration Proceedings, Commercial Arbitration, Domestic Courts, South America

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American Society of International Law (ASIL)

This year’s ICCA Congress in Rio de Janeiro not only confirmed that nobody knows to party better than cariocas, but also served as an impressive reminder of the increasing pro-arbitration approach of Brazilian courts, the remarkable growth in the number of arbitration proceedings in Brazil and the high sophistication of the Brazilian arbitration bar. Yet…

Arbitration Awards, Arbitration Institutions and Rules, Arbitration Proceedings, Enforcement, Investment Arbitration

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American Society of International Law (ASIL)

Earlier this year, the ICSID ad hoc committee in the Sempra v. Argentina annulment proceedings decided to continue the stay of the enforcement of the tribunal’s award in that case for the duration of the annulment proceedings on the condition that Argentina pay USD 75 million into an escrow account. After Argentina failed to make…