20 of September 2014
Getting the deal through - Arbitration 2014
Written by: Carolina Posada, María Alejandra Arboleda and Diego Romero
Domestic and international arbitration are governed by Law 1563 of 2012 (the Arbitration Statute), which entered into force on 12 October 2012. The Arbitration Statute provides completely separate frameworks for domestic and international arbitration. It also includes disciplines related to the recognition and enforcement of foreign awards.