Arbitration is the institution of administration of justice voluntarily accepted by the parties to settle their disputes through a private procedure whereby a dispute is submitted, by mutual agreement of the parties, to an arbitrator or arbitral court who renders a decision called an arbitral award or judgment that is binding on the parties.
The Republic of Panama is home to the largest regional service center in Latin America: CECAP (Center for Conciliation and Arbitration in Panama).
Likewise, the Republic of Panama offers the whole world the advantages of having first-class arbitration centers that have modern and up-to-date arbitration regulations, under the protection of the legislation in force (Law No. 131 of December 31, 2013).
This legislative and regulatory structure is, in turn, recognized and protected by Article 202 of the Constitution of Panama, which authorizes the administration of justice through arbitral jurisdiction.
Arbitration can be used in all types of commercial disputes, including:
Commercial arbitration offers a few benefits such as:
Commercial arbitration is an efficient and confidential method of dispute resolution, designed to meet the needs of companies and professionals wishing to resolve their disputes outside of traditional courts.
Our arbitration dispute services are aimed at all those who want a faster, flexible and economically advantageous alternative to resolve commercial disputes.
Opt for intelligent conflict resolutions. Commercial arbitration allows you to regain control, avoid legal hazards and protect your reputation.
Contact Us to include an arbitration clause in your contracts or to initiate proceedings. We offer you tailor-made solutions to secure your activities and business relationships.
Our Law Firm currently has a WEBSITE SPECIALIZED IN COMMERCIAL ARBITRATION IN PANAMA.
Here you can obtain more complete and detailed information on this topic.