International Commercial Arbitration in Bolivia

In this paper author evaluates legal regulation of international commercial arbitration in Bolivia. Author cites statistics of arbitration centers in Bolivia activities. Arbitration Act and Conciliation number 1770 (Arbitration Act) was enacted in 1997 and based on the UNCITRAL Model Law on International Commercial Arbitration 1985 (UNCITRAL Model Law). Arbitration Act contains a few differences from the UNCITRAL Model Law. The Arbitration Act provides that following disputes can not be subject to arbitration: 1) disputes on which a final judgment, except for matters related to the execution of the judgment, 2) disputes regarding civil entity, its legal capacity; 3) disputes in respect of the property or rights of disabled without prior judicial authorization, and 4) disputes regarding the state as a legal entity, and 5) labor disputes. Large commercial disputes are often resolved in two centers: 1) Arbitration and Conciliation Center of the National Chamber of Commerce of Bolivia (CNC); 2) Center for Reconciliation and Commercial Arbitration of the Chamber of Industry, Commerce and Tourism of Santa Cruz (CAINCO). Among other arbitration organizations may be called arbitration and Conciliation center of the Chamber of trade and Services Cochabamba (CADECO)