NATIONAL & INTERNATIONAL ARBITRATION
The constant commercial exchange at the national and international level has led, for the sake of maintaining the dynamism of the economic activity, to the development and incorporation into our legal system, of effective and expeditious mechanisms for the resolution of conflicts.
The Republic of Panama, being an eminently commercial country and following the international tendencies, has updated its arbitration legislation by means of Law No. 131 of 31 December 2013, which now governs arbitration in Panama, and incorporates modern international arbitration practices and principles. Panama counts with dispute resolution centers highly renowned by the business community, of which the Center of Conciliation and Arbitration of Panama, located in the Chamber of Commerce, Industry and Agriculture of Panama, and of the Center of Conflict resolution, located in the Panamanian Construction Chamber, stand out. It should also be noted that the International Chamber of Commerce (“ICC”) has a Panamanian Chapter which is very active in the promotion of arbitration as a dispute resolution mechanism in Panama.
The arbitration process like all other alternative means of conflict resolution, is directed, to offer a faster and specialized alternative to the ordinary justice system, which at the same time helps to maintain the possibility of the parties reaching a resolution to their dispute, through mechanisms such as mediation.
Patton, Moreno & Asvat’s team includes specialists in domestic and International arbitration, including arbitrators and practitioners of renowned experience.
Patton, Moreno & Asvat’s services essentially include:
- Requesting interim and injunctive relief
- Legal assistance in the analysis, preparing and filing of arbitration proceedings and representation in all stages.
- Special writ to set aside the arbitral award.
- Enforcement of arbitration awards.
Joaquín De Obarrio - email@example.com