- Arbitration Services
- Arbitration Rules/Procedures
- Forms, Fees and Calculations
- Model Clause/Model Agreement
- Online Services
- Other Services
All private disputes in the Próspera ZEDE, including labor disputes, are by default decided by arbitration by the PAC unless specifically stipulated otherwise. Furthermore, the PAC leverages the infrastructure, experience and reputation arising from its role as the default arbitration services provider of the Próspera ZEDE to offer a wide variety of other services. The alternative dispute resolution services of the PAC include binding/non-binding and public precedential/private non-precedential arbitration administered and decided by Senior Arbiters, Arbiters and Arbitral Officers, as further detailed in the section titled, “Our Divisions.”
The rules and procedures of the PAC, which are in the process of being finalized and published, are largely based for private or non-binding mediations/arbitrations on the International Dispute Resolution Procedures of the International Center for Dispute Resolution and for public arbitrations on the Federal Rules of Civil Procedure, the Federal Rules of Evidence and the Federal Rules of Appellate Procedure.
Forms, Fees and Calculations
Although the fee structure of the PAC varies depending on the type of case and in specific instances on the amount in controversy, it is always competitive, simple and transparent. Parties pay an administration fee that is scaled according to the amount of the claim/counterclaim with respect to cases conducted according to the arbitration rules of the PAC or that have been submitted or referred to PAC for arbitration. Cases in which an arbiter are appointed are also subject to a flat appointment fee.
Model Clause/Model Agreement
The PAC has worked with a team of international experts to design an Alternative Dispute Resolution platform that makes it a global leader in online arbitration, mediation and alternative dispute resolution and supports its efforts to advance the Rule of Law around the world. This cutting-edge platform combines the cost-effectiveness and speed of arbitration and mediation with the ease and convenience of the internet and includes, among other things, functions required for the submission and archiving of documents, case-management and the hosting of online hearings/meetings. It also includes expert research, forms and search functions to enable lawyers to provide their clients with a superb customer experience at an affordable price and in a timely manner.
By establishing itself as the preeminent arbitration center in Latin America, the PAC will also seek to provide additional services, including:
The PAC will be positioned to cooperate with world-class institutions to provide continuing legal education online as well as in person professional training; and
The PAC will be positioned to provide digital platforms to the Promoters & Organizers of other ZEDE to support their own arbitration centers.
Humberto N. Macias
At the PAC, we are extremely honored and proud of our role in providing arbitration services, which are the cornerstone of the ZEDE legal edifice.
U.N. Member States emphasize that “the rule of law and development are strongly interrelated and mutually reinforcing, that the advancement of the rule of law at the national and international levels is essential for sustained and inclusive economic growth, sustainable development, the eradication of poverty and hunger and the full realization of all human rights and fundamental freedoms, including the right to development, all of which in turn reinforce the rule of law.”
Carlos Pineda Pinel
There is a constant: countries that operate under the tradition of common law tend to be places that are more friendly to business and that business is what generates wealth in the end.