El acuerdo sobre arbritaje comercial internacional. Nuevo instrumento jurídico del Mercosur

Abstract

In the 14th Summit Meeting of Mercosur held in Ushuaia, Argentina, on the 23rd and 24th July 1998, the Common Market Council approved two important agreements on international commercial arbitration, Decisions 3/98 and 4/98. The well-known increase in legal relationships between private individuals in the area, as well as the desire for promoting and incentivating extrajudicial solutions of private controversies by means of international arbitration, amply justify the decision of the Justice Ministers Meeting. In this work we effect an analysis of Decision 3 / 98, introducing us to the topics which are regulated, relating these to the various aspects that are studied by the institute. It is undeniable that the instrument covers a relevant space in the integrated plan for the purpose of equipping those that negotiate within the region with a greater legal security.