Chile, Latin America, Set aside an arbitral award, Set aside an international arbitral award

(Ugarte & Correa) and (Ugarte & Correa - Abogados Chile)/ /Leave a comment

In 2004, Chile enacted Law No. 19.971 on International Commercial Arbitration (“LACI”) based on the UNCITRAL Model Law of 1985 (“Model Law”). This note describes, without assessing its merits, how the process to resolve an application to set aside awards has evolved in practice in Chile (“Application for Set Aside” or “Application”), the sole remedy…

Chile, COVID-19, Emergency Law, International Commercial Arbitration, Santiago, Suspension of Proceedings

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Chile confirmed its first case of COVID-19 on March 3, 2020. Since then, Chilean institutions have designed several solutions to adjust their operation during the sanitary crisis.1) Specifically, the President declared a “state of constitutional exception of catastrophe”, which allows the Executive branch to take an array of measures to face the sanitary crisis. See:…