International commercial arbitration in Chile is governed by a modern statutory framework based on the UNCITRAL Model Law on International Commercial Arbitration (1985), as enacted through Law No. 19,971 on International Commercial Arbitration.[1] Chilean courts have consistently demonstrated a supportive and non-interventionist approach to arbitration, respecting party autonomy and the finality of arbitral awards. As […]
Chile Arbitration
Duration of ICSID Arbitration – The Neverending Arbitration
Many litigants complain of the duration of ICSID arbitration, which on average take three years or more to complete, but Victor Pey Casado and President Allende Foundation v. Republic of Chile is in a class of its own. Victor Pey Casado and President Allende Foundation v. Republic of Chile is the longest-running ICSID case in […]
