EL CENTRO DE ARBITRAJE CCL Y EL CIETAC SUSCRIBEN CONVENIO PARA PROMOVER EL ARBITRAJE Y OTROS MEDIOS ALTERNATIVOS DE SOLUCIÓN DE CONFLICTOS

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24
Mar

THE LCC ARBITRATION CENTER AND CIETAC SIGN AN AGREEMENT TO PROMOTE ARBITRATION AND OTHER ALTERNATIVE DISPUTE RESOLUTION MEANS

In February 2022, the National and International Arbitration Center of the Lima Chamber of Commerce (LCC) and the China International Economic and Trade Arbitration Commission (CIETAC) signed an institutional cooperation agreement in order to promote arbitration and other alternative means dispute resolution.

Among the agreements reached by the two institutions are to cooperate in the organization of academic events, to develop research and exchange information on issues related to dispute resolution mechanisms, to collaborate with each other in recommending arbitrators in their respective regions, as well to provide mutual facilities for the use of their facilities in order to organize meetings and hearings for the cases they administer.

This agreement is part of a series of actions aimed at strengthening technical and economic cooperation between Peru and China and, in this way, disseminating the advantages and facilities offered by Peru as an arbitral venue in the region, in addition to positioning to the CCL Arbitration Center as an efficient alternative to manage arbitrations and dispute boards of all those Asian companies that have investments in Peru and/or Latin America.

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