Barcelona, March 12, 2015 – International arbitration is now the system for resolving international trade disputes most widely used worldwide, since the complexity of cross-border business makes it necessary that potential conflicts arising from these, are solved by people familiar with these materials, within time remarkably smaller than in the traditional courts.
TACED international arbitration is a law arbitration and subjected to the Spain legislation, jurisdictional scope that guarantees full legal security to the parties.
The institution of the Court of Arbitration for CED, offers national and international legal and business community, the International Arbitration service, for which it has specialized arbitrators, procedural rules and rate system applicable to the processes.
Located in Barcelona -Spain- TRADE buildings, the tribunal has the most modern infrastructure for better development of the national and international arbitrations and mediations.
Advantages of starting an International Arbitration with the TACED.
It has an international arbitration squad, composed of experts in the most varied commercial matters, able to designate the parties, for specific reasons, to qualified professionals who are not part of it. Arbitrators acting in TACED international arbitrations, must be subjected to the procedural rules and rates of the institution.
The TACED has a Regulation of International Commercial Arbitration which regulates the different stages of the process, without prejudice to prevail autonomy of the parties in matters that wish to change by agreement such as the number of arbitrators that shall hear the cause, the place of arbitration, the language and applicable law, among others.
Within a maximum period of 90 days, an international arbitration must be resolved, in order to give the parties the necessary speed in the resolution of their conflicts.
Arbitration rulings are binding on the parties and can only be appealed by restricted grounds, according to the current international arbitration legislation in most countries, which determines the efficiency and speed of processes.
Currently - and under the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Sentences (New York Convention) - which is ratified by over 140 countries and the American Convention on International Commercial Arbitration (Panama Convention ), international arbitral rulings are fully recognised and enforceable worldwide.