Analysis of the Procedure for the Recognition and Execution of Foreign Arbitral Awards in MERCOSUR

Natalia A.  Dalenz Lorieto

doi:10.35319/lawreview.2020644

Authors

Natalia A. Dalenz Lorieto Catholic Bolivian University https://orcid.org/0000-0001-7957-1460

DOI:

https://doi.org/10.35319/lawreview.2020644

Keywords:

settlement of investment disputes, MERCOSUR, recognition and execution, foreign arbitral awards, legal procedures, Supranational Arbitration Court

Abstract

This research considers the current situation for the settlement of investment disputes in MERCOSUR member states. To achieve greater results, the current international legislation has established principles and a broad range of procedures that must be implemented on the trade bloc member states regarding the recognition and execution of foreign arbitral awards. This study applies a descriptive qualitative method. The findings of this study show that there are still some obstacles for the development of investment arbitration, despite its recognition in the current legislations. In this sense this work recommends harmonizing the legal procedures for the institution of arbitration and implementing a Supranational Arbitration Court inside MERCOSUR to increase and make effective the institution of international commerce in the region.

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Author Biography

Natalia A. Dalenz Lorieto, Catholic Bolivian University

Law Degree from the Bolivian Catholic University "San Pablo" - La Paz (Bolivia). Master in International Business Law at the Universitá degli Studi di Padova - Padova (Italy). Independent researcher.

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