Correduría Pública 67 - Commercial mediation and arbitration

Commercial mediation and arbitration

Business disputes don't have to end in years-long litigation. As a broker, I act as an arbitrator or mediator: a neutral third party, expert in commerce, who resolves quickly and confidentially.

How the procedure works

How we work

  1. Agreement to go to arbitration

    An arbitration clause from the contract or a commitment signed after the dispute arose is used.

  2. Appointment of the arbitrator

    The parties choose the broker or appoint them by lot, and the rules and deadlines of the procedure are set.

  3. Arguments and hearings

    Each party presents evidence and arguments in agile, private sessions without judicial formalities.

  4. Award or agreement

    The arbitrator issues the award that resolves definitively; if it was mediation, the reached agreement is protocolized.

Frequent questions

Frequently asked questions

Is the arbitration award binding?

Yes. The award binds the parties and can be enforced before the courts as if it were a final judgment.

How long does commercial arbitration take?

Proceedings before a broker are typically resolved in weeks or a few months, compared to the years typical of ordinary litigation.

Can I go to mediation even if my contract doesn't have a clause?

Yes. Mediation only requires both parties to be willing to try it; the resulting agreement can be protocolized with public faith to give it enforceability.

Is a dispute holding back your business?

Tell us about the case and we'll evaluate together whether mediation or arbitration is best, with time and cost estimates from the first session.