Mediation And Arbitration In The Petroleum Industry
Derecho Internacional Mondaq - Ecuador Law Articles in English (2008)
Mr Diego Romero - Romero Arteta Ponce
Extract
Mediation And Arbitration In The Petroleum Industry
To foreigners contemplating or initiating investments and contracts in Ecuador, one of the unknown factors regards how potential legal disputes are to be solved. This concern exists regardless of whether the contract is to be signed with a private or governmental entity.
Aware of the aforementioned concern, Ecuador modernized its "Justice Administration System" and allowed parties to turn to "Alternate Dispute Resolution" methods....See the full content of this document