On November 27, 2023, Beijing time, the Seminar on “Recognition and Enforcement of International Commercial Arbitral Awards in Latin America (Latam)” (“the Seminar”), hosted by China International Economic and Trade Arbitration Commission (CIETAC) and jointly organized by Zhonglun W&D Law Firm, was successfully held online. Dispute resolution lawyers from eight Latam countries attended the Seminar. They have experience in commercial arbitrations under the rules of ICC, ICSID, UNCITRAL, SIAC and other international arbitration institutions. Some of them served as a legal counsel for the local branches of Chinese and European multinational corporations, and have dealt with the recognition and enforcement of CIETAC’s arbitral awards in Latam. Zoraida Liang, partner and Head of the Spanish and LATAM Desk at P.C.Woo & Zhonglun W.D. LLP (P&Z), presided over the Seminar.
Dr. Lin Wei, managing partner of P&Z, delivered the opening speech for the Seminar, in which he expressed sincere gratitude to the host CIETAC for its efforts in organizing the event and gave a warm welcome to the lawyers present. Mr. Lin stated that The Sino-Latam trade has gradually gained prominence in international trade, leading to an increasing demand for resolving disputes arising out of or in connection with it. International arbitration can provide a robust legal support for the development of Sino-Latam trade.
In the keynote speech session, José Augusto de Oliveira Sevilha(partner at Tess Advogados in Brazil), Raimundo Moreno (partner at Cariola Diez Perez-Cotapos in Chile), Estefanía Ponce (director at Posse Herrera Ruiz’s dispute resolution practice group in Colombia), and Luis Bedoya (partner at Elías & Medrano in Peru), drawing on their practice experience, gave insightful addresses on the recognition and enforcement procedures and considerations for international arbitral awards in their respective countries.
In the roundtable session, Mauricio Salas (partner at BLP Costa Rica office), Alí Ordóñez (partner at BLP Honduras office), Carlos Brandes (partner at Guyer & Regules in Uruguay), and Santos Alberto Michelena de la Cova (senior partner at Rodriguez & Mendoza in Venezuela), shared their knowledge and perspectives on the choice of dispute resolution terms for Chinese enterprises’ investment in Latam, advantages and disadvantages of local and international arbitration institutions, and other concerns. Ms. Liang, on behalf of the online audience, posed questions to the guest speakers, addressing practical matters such as the attachment procedures, the timeframes of recognition and enforcement, and the enforcement effects of arbitral awards in the local jurisdictions. All the guests were so pleased to respond and elaborate on these issues, and then engaged in lively discussions.
A wealth of theoretical and practical knowledge on the recognition and enforcement of international commercial arbitration awards in Latam has been discussed extensively, which promotes mutual understanding between the dispute resolution lawyers from China and Latam in the field of international arbitration. P&Z will continue to deepen its understanding of dispute resolution matters in Latam and enhance its expertise in providing legal services there.