Tag: Commercial Contracts

Commercial Arbitration in the Dominican Republic

Commercial Arbitration in the Dominican Republic

ABOUT COMMERCIAL ARBITRATION

Commercial Arbitration is a procedure by which a dispute or controversy between two or more parties is known and submitted to the decision of a body constituted outside the ordinary courts.

Arbitration, as an alternative to dispute resolution, “constitutes a real alternative to prevent and adequately, quickly and definitively solve conflicts that arise in national and international trade transactions,” indicates Law 479-08 on commercial arbitration. Continue reading “Commercial Arbitration in the Dominican Republic”