As arbitration rapidly becomes the preferred form of dispute resolution throughout Latin America, lawyers, multinational corporations and governments are grappling with myriad challenges as they set up and seek to enforce arbitration clauses.
Among the challenges are what venue to choose, what arbitrator to choose, how local courts respond to arbitration and whether they honor rulings, which countries take a broad interpretation of arbitration and whether to arbitrate under the International Chamber of Commerce’s International Court of Arbitration or another forum.
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