Dominican Republic Agrees to Arbitration with Costa Rica

Dominican Republic agreed to enter an arbitration process with Costa Rica over a tariff conflict.

Thursday, May 6, 2010

The Industry and Commerce Ministry of Dominican Republic issued a press release in which it agrees to the process, to “solve a conflict created by tariffs charged on Costa Rican electric conductors”.

They added that the country wants to “reach an understanding with Costa Rica to contribute to an adequate and effective management” of CAFTA-RD, the free trade agreement signed between the Central American nations, the U.S. and Dominican Republic, “by respecting and complying with all commitments established in it”.

More on this topic

TECO challenges Guatemalan tariff actions

January 2009

TECO Energy Inc. said earnings at its subsidiary in Guatemala have been cut following actions of a Guatemalan regulatory agency.

As publish in bizjournals.com: "The subsidiary, TECO Guatemala Holdings LLC, has filed notice that it will file an arbitration claim against the Republic of Guatemala under the Dominican-Republic-Central America-United States Free Trade Agreement, or DR-CAFTA, TECO said in a filing with the Securities and Exchange Commission. In July, Guatemala’s National Electric Energy Commission unilaterally reset the distribution tariff for Empresa Eléctrica de Guatemala at levels well below the then existing tariff, the filing said. TECO Guatemala Holdings has a 24 percent interest in Empresa through a joint venture, and the action caused a “significant reduction” in earnings for the joint venture segment, the filing said."

Center for Alternative Dispute Resolution

December 2011

The Lawyers Association of Costa Rica has opened a mediation or arbitration center, which can be used for work, family, commercial or civil conflicts.

Covered by the Law on International Commercial Arbitration May 2011, the Center for Alternative Justice and Lawyers Bar Association of Costa Rica also aims to host international arbitration.

Guatemala Faces Arbitration Over Labor Standards

May 2012

The authorities see it as "inevitable" that the U.S. will take the country to such a process due to pressure from trade unions, fearing an impact on exports to the U.S. market.

"It's almost inevitable that the case will go to an arbitration panel," said Economy Minister Sergio de la Torre, speaking of the imminent start of a U.S.

Private Justice in Cases Between State and Business

March 2012

The Nicaraguan government has agreed to the intervention of the Mediation and Arbitration Center of the Chamber of Commerce in disputes it has with companies.

Representing the state, the Attorney General of the Republic, Hernan Estrada, established the agreement with the Chamber of Commerce of Nicaragua (Caconic).

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