TITLE
I COMMON PROVISIONS

CHAPTER I

OBJECT, COMPETITIVE AND MAIN FRAMEWORK

Article 1. (OBJECT).

The purpose of this Law is to regulate conciliation and arbitration, as alternative means of resolving emerging disputes in a contractual or non-contractual relationship.

Article 2. (COMPETENCIAL MARK).

This Law develops conciliation and arbitration within the framework of Paragraph II of Article 297 of the Political Constitution of the State, as the exclusive competence of the central level of the State.

Article 3. (PRINCIPLES).

Conciliation and arbitration are based on the following principles:

1.

Good Faith.The parties proceed in an honest and loyal manner, with the aim of reaching an agreement and accessing the alternative means to end the dispute.

2.

Speed.It includes the timely and undesent exercise in dispute resolution.

3.

Culture of Peace.Alternative means of dispute resolution contribute to Living Well.

4.

Economy.Procedures shall be carried out by avoiding unnecessary procedures or diligence, safeguarding judicial safeguards.

5.

Purpose.This subordinates the validity of procedural acts for the sake of dispute resolution and not just simply compliance with the rules or requirements.

6.

Flexibility.By which the actions will be informal, simple and adaptable to the particularities of the dispute.

7.

Fitness.The conciliator(s) and the arbitrator legitimize their intervention on the basis of their aptitude, knowledge and experience in the development of alternative means of dispute resolution.

8.

Equality.The parties have equal opportunity to enforce their rights and claims.

9.

Impartiality.The conciliator(s) and the arbitrator must remain impartial during the proceedings, without any personal, professional or commercial relationship with the parties, or have an interest in the disputed matter.

10.

Independence.By which conciliators and arbitrators have full freedom and autonomy for the exercise of their duties.

11.

Legality.The conciliator(s) and the arbitrator shall act in accordance with the provisions of the Law and other legal rules.

12.

Orality.As a means that guarantees dialogue and communication between the parties, generating mutual trust.

13.

Voluntarism.Where by which the parties, freely and by mutual agreement, access an alternative means of dispute settlement.

Article 4. (SUBJECTS EXCLUDED FROM CONCILIATION AND ARBITRATION).

You may not submit to the Settlement or Arbitration, as follows:

1.

Ownership of natural resources.

2.

Titles granted on tax reserves.

3.

Tributes and royalties.

4.

Administrative contracts, except as provided for in this Law.

5.

Access to public services.

6.

Licenses, registrations and authorizations on natural resources in all its states.

7.

Issues affecting public order.

8.

The questions on which a final and final judicial decision has been raised, except for the aspects arising from its enforcement.

9.

Issues about marital status and people's capacity.

10.

Issues relating to property or rights of incapable, without prior judicial authorization.

11.

Issues concerning the functions of the State.

12.

Issues that are not compromised.

13.

And any other determined by the Political Constitution of the State or the Law.

Article 5. (EXPRESS EXCLUSION).

The following are excluded from the application of this Law:

1.

Disputes in labor and social security matters, because they are subject to legal provisions that are their own.

2.

Trade and integration agreements between States, signed by the Plurinational State of Bolivia, which shall be governed by the conciliation and arbitration provisions determined by the parties, within the framework thereof.

3.

External financing contracts signed by the Plurinational State of Bolivia with international financial organizations or agencies.

Article 6. (GOODS, WORKS AND SERVICES CONTRACTED ABROAD).

Ⅰ.

State entities or enterprises may apply conciliation and arbitration, in disputes arising out of a contract for the acquisition of goods, works or provision of services, with foreign entities or enterprises without legal domicile in Bolivia subscribed abroad, within the framework of the corresponding contract.

II.

In the case of public entities and companies, they may apply their specific procurement regulations abroad.

Article 7. (RESERVATION OF INFORMATION).

Where the State is part of a conciliation or arbitration procedure, all information known and produced in such proceedings shall be reserved if it is classified as such by applicable law.

Article 8. (CONFIDENTIALITY).

Ⅰ.

Any information known and produced by individuals in a conciliation or arbitration proceeding is confidential. In conciliation it also has no probative value.

II.

Exceptionally, confidentiality shall be lifted when:

1.

The interests of the State are compromised, in which case, the information will be given to the Attorney General's Office of the State.

2.

There is evidence of criminal commission, in which case, the information will be delivered by tax order or court order.

Article 9. (LANGUAGE).

Ⅰ.

The parties may decide on the language(s) with which conciliation or arbitration will take place, as well as the participation of translators and interpreters required in conciliation or arbitration proceedings.

II.

In the absence of agreement on the language, Spanish will be used.

Article 10. (LIABILITY).

Ⅰ.

The conciliator(s) is responsible for failure to observe the legality of the content of the Settlement Act, not its compliance.

II.

The arbitrator is responsible for actions or omissions in the performance of its duties.

CHAPTER II

ORGANIZATION OF CONCILIATION AND ARBITRATION

SECTION I

COMPETENT AUTHORITY

Article 11. (COMPETENT AUTHORITY).

The Ministry of Justice is the competent authority to authorize the operation of Conciliation Centers, Conciliation and Arbitration Centres, or Arbitration Centers.

Article 12. (POWERS OF THE MINISTRY OF JUSTICE).

Ⅰ.

Under this Law, the Ministry of Justice has the following powers:

1.

Authorize the operation of conciliation centers, Conciliation and Arbitration Centers, and Arbitration Centers, and verify their operation.

2.

Register Conciliation Centers, Conciliation and Arbitration Centers, and Arbitration Centers.

3.

Approve the conciliation and arbitration regulations of the Conciliation Centers, Conciliation and Arbitration Centers, and Arbitration Centers, depending on their compatibility with the provisions of this Act, within a maximum period of up to one hundred and twenty (120) calendar days from their submission.

4.

Temporarily or definitively suspend your authorization, when they do not comply with Articles 15 and 17 of this Law.

5.

Promote training and training in conciliation and arbitration, through agreements with the university system and authorized centers.

6.

Formulate, approve, and execute reconciliation policies.

II.

For the purpose of approving conciliation and arbitration regulations, the Ministry of Justice may exceptionally require specialized opinion.

Ⅲ.

For the granting of legal personalities by the authority called by Law, authorized Centers shall expressly include in their subject matter, the administration of conciliation, arbitration, or both.

Article 13. (SOURCES OF FINANCING).

For the fulfilment of the powers set out in the preceding Article, the Ministry of Justice shall have the following sources of funding:

1.

Specific resources.

2.

Internal or external donations.

SECTION II

CONCILIATION AND ARBITRATION ADMINISTRATORS

Article 14. (CLASSES).

Ⅰ.

Legal persons may be conciliation and Arbitration administrators, under the following modalities:

1.

Reconciliation Centers.

2.

Conciliation and Arbitration Centers.

3.

Arbitration Centers.

II.

For the development of their activities, conciliators and arbitrators must register with one of the authorized centres, with the exception of Ad Hoc arbitration.

Ⅲ.

Public institutions, within the framework of their powers, may administer conciliation centres.

Article 15. (REQUIREMENTS).

Legal persons must meet the following requirements to become conciliation or arbitration administrators:

1.

Legal personality.

2.

Conciliation, arbitration, or both regulations approved by the Ministry of Justice.

3.

Have more than one or more conciliator or more of an accredited referee or arbitrator.

4.

Infrastructure that meets the technical and administrative conditions in accordance with the regulations of the competent authority.

Article 16. (ATTRIBUTIONS).

Authorized centres shall have the following powers:

1.

Provide services in conciliation, arbitration, or both.

2.

Accredit and appoint your conciliators or arbitrators, as appropriate.

3.

Temporarily or permanently suspend your conciliators or arbitrators for breach of the Center's rules of procedure.

4.

Define the tariff for the service provided.

Article 17. (OBLIGATIONS).

Authorized centres shall have the following obligations:

1.

Develop and implement its conciliation, arbitration, or both regulations under this Act.

2.

Develop and apply the codes of ethics, a-those to be submitted by their conciliators, arbitrators, or both.

3.

Submit statistical reports and related information on a monthly basis to the Ministry of Justice.

4.

Submit statistical information at the request of the Ministry of Justice.

5.

Disseminate in media or through its web portal, the tariff of the service and the updated payroll of conciliators and arbitrators, which must be made known to the Ministry of Justice.

6.

Have a record and file of conciliation minutes and arbitration awards.

7.

Contribute to the capacity building of conciliators, and evaluate their performance.

8.

Obtain the operating authorization before the Ministry of Justice and keep it in force.

Article 18. (PROHIBITION).

Authorized centres may not intervene or administer cases in which the latter or any of its dependents are part of the grounds laid down in Article 74 of this Law, where applicable, under penalty of nullity of all the acted.

Article 19. (CONCILIATION SERVICE OF THE MINISTRY OF JUSTICE).

The Ministry of Justice, in accordance with its powers, is empowered to provide conciliation between individuals, in civil, family and commercial matters.

TITLE II

Conciliation

CHAPTER I

GENERAL PROVISIONS

Article 20. (NATURE).

Conciliation is an alternative means of dispute settlement to which natural or legal persons, public or private, national or foreign, freely and voluntarily access, before or during a judicial or arbitral process, with the collaboration of an impartial third party or third party called a conciliator, who will be exercised under this Law.

Article 21. (MATERIAL SCOPE).

Disputes arising from contractual or non-contractual legal relationships, which may be resolved through the free provision of rights and do not contravene public policy, may be subject to conciliation.

CHAPTER II

PROCEDURAL RULES

Article 22. (ACCESSORY MEDIA).

Mediation, negotiation or friendly composition may accompany conciliation, as means of accessories, independent or integrated into it, as agreed by the parties.

Article 23. (PLACE OF CONCILIATION).

The conciliation shall be carried out at the place agreed by the parties, in the absence of agreement, alternatively it shall be carried out in accordance with the following order:

1.

Where the obligation is to be fulfilled.

2.

The address of the applicant.

3.

The residence of the obligated person.

Article 24. (APPLICATION AND INVITATION).

Ⅰ.

The parties may, jointly or separately, request conciliation with a Conciliation Center or Conciliation and Arbitration Center of their choice.

II.

The parties shall be invited immediately for the conciliation hearing, by the most expeditious and effective means, succinctly indicating the object of conciliation, the advantages and effects.

Article 25. (PARTICIPATION AND REPRESENTATION).

Ⅰ.

Participation in the conciliation procedure is personal. The representation accredited by special power granted for this purpose shall be accepted, in which case it implies the declaration of will of the representative who intervenes in the name, on behalf and in the interest of the representative, having its legal effects as determined by this Law.

II.

Natural or legal persons domiciled abroad may appoint a representative to reconcile on their behalf and representation. If applicable, the special power or instrument of delegation of representation shall be duly translated and validated by the competent authority.

Article 26. (ELECTION AND DESIGNATION OF THE CONCILIATOR).

Ⅰ.

The Authorized Centre shall provide the list of its conciliators, ensuring that the parties have the right of free choice.

II.

The choice of the conciliator(s) shall be made by agreement of the parties. In the absence of agreement, the Conciliation Center or the Conciliation and Arbitration Center will do so from the list of its conciliators.

Ⅲ.

From its appointment, the conciliator shall assume responsibility for its actions.

Article 27. (USE OF COMMUNICATION TECHNOLOGIES).

Ⅰ.

Communications during conciliation shall be by the means agreed by the parties.

II.

New information and communication technologies, including in audiences, can be applied.

Article 28. (AUDIENCES).

Ⅰ.

At the conciliation hearing, the conciliator(s) shall apply the necessary and appropriate means to ensure the development of the conciliation hearing.

II.

The conciliator(s) shall hold any hearings necessary to effect the resolution of the dispute. If necessary and under absolute respect for the principle of impartiality and confidentiality, you may conduct private and separate interviews with each party, with the knowledge of the other.

Article 29. (TECHNICAL HELP).

The conciliator, with the consent of the parties, may require technical assistance from an expert who contributes to specifying the dispute and proposing alternatives for settlement. The expert(s) shall be remunerated in accordance with the rules of the Conciliation Center or the Conciliation and Arbitration Center.

Article 30. (CONCLUSION OF CONCILIATION).

Ⅰ.

Conciliation shall conclude with the signature of the Conciliation Act.

II.

The conciliation procedure shall be concluded if: The parties do not reach an agreement; either party declares to the conciliator their willingness to conclude the conciliation; one of them abandons conciliation. This fact shall be duly recorded by the conciliator, the minimum content of which shall be:

1.

Identification of the conciliator and the parties.

2.

The succinct relationship and accuracy of the controversy.

3.

Place, date and time.

4.

Signature of the conciliator.

Ⅲ.

In both cases, the conciliator shall grant the parties an authentic copy of the respective document.

CHAPTER III

CONCILIATION ACT

Article 31. (CONCILIATION ACT).

Ⅰ.

The Conciliation Act is the legal instrument that expresses the free and voluntary consent of the parties to reach an agreement in whole or in part.

II.

If the conciliation agreement is partial, the Conciliation Act shall expressly contain the points on which settlement and un reconciled ones would have been reached.

Article 32. (MINIMUM CONTENT OF THE CONCILIATION ACT).

The minimum contents of the Conciliation Act are:

1.

Identification of the parts.

2.

The succinct relationship and accuracy of the controversy.

3.

The agreement reached by the parties with indication of the way, time and place of fulfilment of the agreed obligations, and, where appropriate, the amount.

4.

Penalties in case of non-compliance, where applicable.

5.

Effective guarantees or measures necessary to ensure their implementation, if applicable.

6.

Place, date and time of conciliation.

7.

Signature of the conciliator(s) and the parties.

Article 33. (EFFECTIVENESS OF THE CONCILIATION ACT).

The Conciliation Act from its subscription is binding on the parties, its enforceability will be immediate and acquire the quality of res judicata, except in the matters established by Law, when approval by competent judicial authority is required.

Article 34. (FORCED EXECUTION OF THE CONCILIATION ACT).

In the event of non-compliance with the Conciliation Act, the Conciliation Act is enforcement, in accordance with the procedure for enforcement of judgment before the competent judicial authority of the place agreed by the parties. In the absence of agreement, the competent judicial authority shall be that of the place where the agreement has been concluded.

Article 35. (EXECUTION OF THE INTERNATIONAL CONCILIATION ACT).

The conciliation minutes signed abroad shall be recognized and enforced in the Plurinational State of Bolivia, in accordance with the rules on international judicial cooperation, laid down in the current civil procedural standard.

CHAPTER IV

THE CONCILIATOR(S)

Article 36. (ACREDITATION).

The Conciliator, in order to be accredited, must meet at least the following requirements:

1.

Competence demonstrated in conciliation.

2.

Specialized training.

Article 37. (RIGHTS, DUTIES AND PROHIBITION).

Ⅰ.

Conciliators have the right to:

1.

Receive professional fees for the service provided on a case-by-case basis, in accordance with the approved tariff, except for those and public servants who provide services in conciliation.

2.

Receive training from the accrediting body and the Conciliation Center or the Conciliation and Arbitration Center of which you are a member.

II.

These are the duties of the conciliator:

1.

Act with transparency and in accordance with the principles set out in this Law, taking care of the interests of the parties and their rights.

2.

Ensure the legality and minimum contents of the conciliation act.

3.

Refer the background to the competent authority where there is evidence of criminal commission.

4.

Refuse to proceed in disputes that are not reconcilable or at odds with the Act.

5.

Take the necessary steps to achieve the best resolution of the dispute.

6.

And others established by express rule.

Ⅲ.

The conciliator(s) is prohibited from receiving income other than the fees agreed on the basis of the professional tariff.

Article 38. (INCOMPATIBILITY).

The conciliator may not act as arbitrator, adviser or proxy of the parties involved in the conciliation on the same matter, in any judicial or arbitration proceeding. This provision does not apply to the Single Arbitrator(s) or the Arbitral Tribunal in its functions to enforce conciliation.

TITLE III

Arbitration

CHAPTER I

GENERAL PROVISIONS

SECTION I

Rules

Article 39. (NATURE).

Ⅰ.

Arbitration is an alternative means of judicial resolution of disputes between the parties, whether natural or legal persons, public or private, national or foreign when they are on matters that are not prohibited by the Political Constitution of the State and the Law, before the Single Arbitrator or Arbitral Tribunal, may be an institutional arbitration or Ad Hoc arbitration.

II.

Ad Hoc arbitration is a non-institutional arbitration modality, in which the parties establish procedures, effects, appointment of arbitrators and any other matter relating to the arbitration process, within the framework of this Law.

Article 40. (ARBITRATION IN LAW OR ARBITRATION IN EQUITY).

Ⅰ.

Arbitration in Law is one in which the Single Arbitrator or arbitral tribunal must resolve the dispute by strictly applying the relevant legal rule to the case, in order to substantiate its decision.

II.

Arbitration in Equity is one in which the Single Arbitrator or the Arbitral Tribunal resolves the dispute in accordance with its fair knowledge and understanding, in accordance with its natural meaning of the right and in accordance with the correctness.

Ⅲ.

It is the power of the parties to decide that the Single Arbitrator or, the Arbitral Tribunal, resolves the dispute in law or equity.

Ⅳ.

Where there is no express agreement regarding the type of arbitration, it shall be in law.

Article 41. (OPPORTUNITY OF ARBITRATION).

The arbitration may be initiated:

1.

Before a court proceeding avoiding the one that could be promoted.

2.

During a judicial process, in accordance with the corresponding procedural rules, concluding the initiate.

Article 42. (ARBITRATION CLAUSE).

The arbitration clause is the written agreement set forth in a clause of a contract, in which the parties undertake to submit their disputes arising from the arising contract, to arbitration.

Article 43. (ARBITRATION AGREEMENT).

Ⅰ.

The Arbitration Convention is the agreement that is implemented in writing in a document other than the contract, in which the parties undertake to submit disputes to arbitration.

II.

The Arbitration Convention must be on a physical, electronic or other media that records the expression of will of the parties, expressed together or in succession.

Ⅲ.

The Arbitration Convention shall refer to a contractual or non-contractual relationship.

Article 44. (AUTONOMY OF ARBITRAL CLAUSE OR ARBITRATION AGREEMENT).

Ⅰ.

Any arbitration clause or arbitration agreement that is part of a contract is considered to be an independent and autonomous agreement in relation to the other provisions thereof.

II.

Nullity or nullity, ineffectiveness or invalidity of the contract shall not affect the Arbitral Clause or the Arbitration Agreement.

Article 45. (ARBITRATION EXCEPTION).

Ⅰ.

The existence of an arbitration clause or arbitration agreement, imports the waiver of the parties to initiate legal proceedings in disputes submitted to arbitration.

II.

The judicial authority that takes knowledge of a dispute subject to arbitration clause or arbitration agreement should be inhibited from hearing the case, at the request of the judicially sued party. In this case, such party may object to arbitration exception in documented form, in accordance with current procedural rules. The exception will be resolved without further formality, by express resolution.

Ⅲ.

Having found the existence of the arbitration clause or arbitration agreement and without any remedy, under this Law, the competent judicial authority may:

1.

Declare the arbitration exception proven, or

2.

To rule on the nullity or impossible enforcement of the arbitration clause or arbitration agreement, dismissing the arbitration exception.

Ⅳ.

Despite legal action, arbitration proceedings may be initiated or continued and the arbitral award issued while the exception is pending before the judicial authority.

Article 46. (DISCLAIMER TO ARBITRATION).

Ⅰ.

The waiver of arbitration shall be valid only where the will of all parties, until before the arbitral award, is concurred as follows:

1.

Express waiver shall be by written communication to the Single Arbitrator or the Arbitral Tribunal jointly, separately or successively, in which case they may resort to jurisdictional proceedings or other alternative means of dispute settlement that they deem appropriate.

2.

It shall be when one of the parties is sued in court by the other and does not object to an arbitration exception in accordance with the relevant procedural rules.

II.

Anciful waiver of arbitration shall not be deemed to be the fact that either party, before or during the arbitration proceedings, requests a competent judicial authority to take preparatory or precautionary measures, or for such judicial authority to grant compliance with them.

Article 47. (INTERPRETATION RULES).

Ⅰ.

Where a provision of this Law gives the parties the power to decide freely on a particular issue, they may authorise a third party, natural or legal, to take such a decision.

II.

Where a provision of this Act relates to a concluded or to be concluded party agreement, all provisions of the arbitration rules which the parties have decided to adopt shall be covered by that agreement.

Ⅲ.

The rules relating to the designation of the Single Arbitrator(s) or the establishment of the Arbitral Tribunal and the arbitration proceedings are supplemental in relation to the will of the parties. They may, by mutual agreement, propose to the Single Arbitrator or the Arbitral Tribunal the partial amendment or supplementation of the rules of procedure provided for in this Law, provided that they do not alter the principles of arbitration and disputes submitted to special regime or excluded from arbitration.

Article 48. (ARBITRATION STAGES).

The stages of the arbitration process are as follows:

1.

Initial stage.

2.

Merit Stage.

3.

Stage of elaboration and issuance of the Arbitral Award.

4.

Recursive stage.

Article 49. (INITIAL STAGE).

The initial stage ranges from the date of notification with the request for arbitration to the Conciliation and Arbitration Center or the Arbitration Center, to the date of acceptance of the Single Arbitrator or the establishment of the Arbitral Tribunal, or from the day of the last substitution thereof.

Article 50. (MERIT STAGE).

The merit stage ranges from the acceptance of the Single Arbitrator(s) or the establishment of the Arbitral Tribunal, to the date of concluding hearing or the submission of post-hearing or last procedural acts resulting in the closure of the proceedings. Unless agreed by parties, the maximum duration of the merits stage shall be two hundred and seventy (270) days.

Exceptionally and duly substantiatedly, the Single Arbitrator or the Arbitral Tribunal may extend the period to three hundred and sixty-five (365) days.

Article 51. (STAGE OF ELABORATION AND ISSUANCE OF THE ARBITRAL AWARD).

The stage of preparation and issuance of the arbitral award ranges from the date of conclusion of the concluding hearing or the submission of post-hearing briefs or the last procedural act resulting in the closure of the proceedings, until the date of notification to the parties with the arbitral award issued by the Single Arbitrator or the Arbitral Tribunal. Unless agreed between the parties, this stage shall have a maximum duration of thirty (30) calendar days, extendable for a similar period for one time only.

Article 52. (RECURSIVE STAGE).

The recursive stage ranges from the formal notification of the arbitral award until it becomes a res judicata.

Article 53. (PROCEDURE TIMES).

Ⅰ.

The deadlines provided for in this Law shall be counted in working days, with the exception of those time limits expressly determined as calendar days.

II.

The time limits may be reduced or extended provided that there is agreement of the parties, except as indicated in Article 50 of this Law.

Ⅲ.

The deadlines run from the business day following your notification, if it expires on Saturday, Sunday or holiday, it will be moved to the next business day.

Ⅳ.

These are business days for the purposes of this Law, Monday to Friday, with the exception of holidays.

Article 54. (ARBITRATION HEADQUARTERS).

Ⅰ.

The national arbitration shall be headquartered in the Plurinational State of Bolivia subject to Bolivian law. The parties may agree to hold hearings and other proceedings outside the territory of the Plurinational State of Bolivia.

II.

If the parties agree in the arbitration clause or arbitration agreement, that the arbitration has a seat other than that of the Plurinational State of Bolivia, it shall be considered as an international arbitration subject to the rules agreed by the parties, provided that they do not violate the Political Constitution of the State and the Law.

Article 55. (PLACE OF ARBITRATION).

Meetings, hearings and deliberations shall be held at the place agreed by the parties, otherwise that place shall be determined by the Single Arbitrator or the Arbitral Tribunal.

Article 56. (RIGHT TO OBJECT).

The parties may object to non-compliance with this Law or any requirement set forth in the arbitration clause or arbitration agreement, at the time of the designation of the Single Arbitrator or the hearing of the establishment of the Arbitral Tribunal, unless it demonstrates that it did not object in a timely manner for duly justified reasons.

SECTION II

Arbitrators

Article 57. (REQUIREMENTS TO BE ARBITRATOR).

Ⅰ.

The minimum requirements to be designated as arbitrator are as follows:

1.

To be in full exercise of its capacity to act, in accordance with Law.

2.

Respond to the appropriate professional profile, to be defined by the Conciliation and Arbitration Center or the Authorized Arbitration Center, except for Ad Hoc arbitrations.

3.

Do not have a conviction enforced in criminal matters, pending compliance.

4.

Not having a civil penalty linked to his actions as arbitrator in another process.

5.

Not to have been sanctioned for matters related to professional ethics.

II.

In the case of the Ad Hoc Arbitrator, the party appointing him shall assume full responsibility for the verification of these requirements, the Ministry of Justice shall not accept any claim in this regard.

Article 58. (IMPEDIMENTS TO BE ARBITRATOR).

They constitute impediments to being arbitrator:

1.

There is no of any of the requirements set out in Article 57 of this Law.

2.

Perform public service.

3.

Exercise the activity of a stock exchange operator.

Article 59. (IMPARCIALITY AND INDEPENDENCE).

Arbitrators do not represent the interests of either party and may not be influenced by any institution, authority, instance or court, and must exercise their duties with absolute impartiality and independence.

Article 60. (EXERCISE IMPOSSIBILITY).

In the event that an Arbitrator dies, resigns or has temporary disability greater than fifteen (15) days, definitive disability, legal impediment or concurrence of recusal grounds that makes it impossible to exercise the arbitral function, a Substitute Arbitrator shall be appointed, at the request of the parties or the Arbitral Tribunal.

Article 61. (NUMBER OF ARBITRATORS).

Ⅰ.

The parties may freely determine the number of arbitrators resolving the dispute, which must always be in odd numbers.

II.

If the parties have not previously agreed on the number of arbitrators or if the request and response presents discrepancy in the number of arbitrators, the arbitration shall be conducted with three (3) arbitrators.

Article 62. (DESIGNATION OF ARBITRATORS).

Ⅰ.

In arbitration with Single Arbitrator, the parties shall designate the Arbitrator in agreement.

II.

Unless agreed by parties, in arbitration with three (3) or more arbitrators, each party shall appoint an equal number of arbitrators, within ten (10) days, from the last notification with the response to the request for arbitration, and must, within ten (10) days, choose the odd Arbitrator.

Ⅲ.

In the absence of agreement of the parties or arbitrators, the appointment of one or more arbitrators shall be made by the nominating Authority within ten (10) days.

Ⅳ.

The appointment of the Single Arbitrator, Substitute Arbitrator, Emergency Arbitrator and members of the Arbitral Tribunal, made by the parties or the Nominating Authority, shall be notified personally to each of the designated arbitrators.

Ⅴ.

If within six (6) computable days from the date of its notification, the person designated as arbitrator does not accept the appointment in writing, a new one shall be appointed in accordance with this Law.

Saw.

In the event that the designated arbitrator(s) accept their appointment, within a maximum period of six (6) days, they must submit to the Conciliation and Arbitration Center or arbitration center, the Declaration of Acceptance, Availability, Impartiality and Independence; where appropriate, it should also report possible grounds for recusal.

Article 63. (PRESIDENCY OF THE COURT).

Unless agreed by parties, the chair of the Arbitral Tribunal shall be exercised by the Arbitrator appointed by the arbitrators appointed by the parties, and in the absence of agreement, shall be appointed by the nominating Authority.

Article 64. (NOMINATING AUTHORITY).

Ⅰ.

The parties may agree to the appointment of a nominating Authority, with the power to appoint or replace arbitrators or resolve recusals.

II.

In the absence of agreement, the Conciliation and Arbitration Center or the Arbitration Center, in accordance with its regulations, shall designate a nominating Authority.

Ⅲ.

In the absence of agreement, in ad hoc arbitration, the nominating authority shall be the competent Judge.

Article 65. (SUBSTITUTE ARBITRATOR DESIGNATION).

Ⅰ.

In the event that it is a Single Arbitrator, the Substitute Arbitrator shall be appointed in accordance with the procedure for the appointment of the Same.

II.

Arbitration with three (3) or more arbitrators shall proceed in accordance with the following:

1.

If the arbitrator to be replaced was appointed by one of the parties, the same party shall be appointed by the Substitute Arbitrator.

2.

If the arbitrator(s) to be replaced was appointed by the arbitrators, the arbitrators shall appoint a new Arbitrator.

Ⅲ.

In all cases described above, in the absence of agreement, the Substitute Arbitrator shall be designated by the nominating Authority.

Article 66. (HEARING AND PROCEDURAL CALENDAR).

The Single Arbitrator or the Arbitral Tribunal shall convene the parties to a hearing, at which together with the parties the procedural timetable shall be determined, which may be amended at any time at the will of the parties.

Article 67. (EMERGENCY ARBITRATOR).

Ⅰ.

The Emergency Arbitrator(s) shall be enabled prior to the appointment of the Single Arbitrator(s) or the establishment of the Arbitral Tribunal, provided that there is express agreement between the parties to the arbitration clause or arbitration agreement, at the request of one of the parties, to:

1.

Resolve the provenance or improperness of the precautionary measures expressly agreed in the arbitration clause or arbitration agreement, and request them from the public or private authority if applicable.

2.

Request the judicial authority to apply emerging precautionary measures not agreed by the parties to the arbitration clause or arbitration agreement.

3.

Request the judicial authority to apply preparatory measures for the arbitration claim.

II.

The application of precautionary measures may fall only on the goods, rights and obligations of the parties.

Ⅲ.

Injunctive measures shall expire in full if the request for arbitration is not formalized within fifteen (15) days. The current rules on Civil Procedure shall apply.

Ⅳ.

The reasoned decision issued by the Emergency Arbitrator in relation to numeral 1 of Paragraph I of this Article shall be mandatory by the parties, and judicial assistance may be brought in case of non-compliance.

Ⅴ.

The Single Arbitrator or arbitral tribunal may maintain, modify, terminate or annul the provisions of the Emergency Arbitrator.

Saw.

The provisions on the Emergency Arbitrator do not prevent any party from seeking urgent precautionary measures from a competent judicial authority at any time.

Article 68. (EMERGENCY ARBITRATOR REQUEST).

Ⅰ.

The party wishing to appeal to an Emergency Arbitrator must direct their request to the Conciliation and Arbitration Center or arbitration center.

II.

The request shall contain the following information:

1.

To indicate the arbitration clause or arbitration agreement, which contains the manifestation of the willingness of the parties to submit to the Emergency Arbitrator.

2.

The full name, description, address and other contact information of each party and of any person representing the petitioner.

3.

A description of the circumstances that have given rise to the request for the dispute to be submitted to arbitration.

4.

Indication of preparatory or precautionary measures setting out the reasons justifying their applicability prior to the designation of the Single Arbitrator for the establishment of the Arbitral Tribunal, if they had not been agreed in the arbitration clause or arbitration agreement.

5.

Any agreement on the seat of arbitration, applicable legal rules or the language of the arbitration.

6.

Other provisions set forth in the Arbitration Center or Arbitration Center Rules.

Ⅲ.

The request shall be drafted in the language of the arbitration if it has been agreed by the parties.

Article 69. (EMERGENCY ARBITRATOR DESIGNATION).

Ⅰ.

The Conciliation and Arbitration Center or arbitration center, in accordance with its regulations, shall designate one or a lawyer as an Emergency Arbitrator within ten (10) days of receipt of the request.

II.

Once the Emergency Arbitrator has been appointed, the Conciliation and Arbitration Center or arbitration center, shall communicate to the requesting party and deliver the background to the Emergency Arbitrator.

Ⅲ.

Before being appointed, any person eligible to act as an Emergency Arbitrator shall enter into a declaration of acceptance, availability, impartiality and independence. The Conciliation and Arbitration Center or Arbitration Center shall send a copy of such statement to the requesting party, who for the sole time may request the replacement thereof, in which case the Settlement Center and. Arbitration or the Arbitration Center, within ten (10) days, shall proceed to the new designation.

Ⅳ.

The Emergency Arbitrator may not act as arbitrator in any arbitration relating to the dispute that gave rise to the request.

Article 70. (EMERGENCY ARBITRATOR'S HEADQUARTERS).

The seat of the Emergency Arbitrator shall be the same as agreed for arbitration.

Article 71. (RESOLUTION).

Ⅰ.

The Emergency Arbitrator shall issue a decision granting or denying the application within five (5) days of the date of receipt of the record.

II.

The provisions of the Emergency Arbitrator(s) shall be dealt with by the Conciliation and Arbitration Center or the Arbitration Center, in accordance with the following procedure as appropriate:

1.

It shall forward to the appropriate public or private authority for compliance within three (3) days, in the case of measures that do not require judicial assistance, in application of paragraph I(1) of Article 67 of this Law.

2.

It shall forward the request to the competent Judge, who shall resolve and order its fulfilment to the relevant authority, without further formality within three (3) days.

The judicial authority shall simply comply with the application without ruling on its origin, or admitting opposition or recourse. Unless the measure is contrary to public policy, under sections 2 and 3 of Paragraph I of Article 67 of this Law.

Ⅲ.

The resolution shall be without effect to the parties, where:

1.

The Single Arbitrator or the Arbitral Tribunal so determines.

2.

Conclude the arbitration in an extraordinary way.

3.

The request for arbitration has not been filed within the time limit set by this Law.

Article 72. (CONTROL).

The Conciliation and Arbitration Center or the Arbitration Center shall exercise disciplinary control over arbitrators in respect of their actions in the arbitration proceedings, in accordance with its regulations.

Article 73. (ARBITRATION FEES AND EXPENSES).

Ⅰ.

The Conciliation and Arbitration Center or the Arbitration Center shall establish a tariff comprising the administrative and operational costs of the arbitration process, as well as the fees of arbitrators, experts and administrative support staff.

II.

Unless otherwise agreed, each party shall bear its own costs; common expenses will be paid by both parties in equal amounts.

Ⅲ.

Unless otherwise agreed, acceptance of the position shall confer on arbitrators and the Conciliation and Arbitration Center or the Arbitration Center, the right to ask the parties for an advance of the funds, in order to cover the fees of the arbitrators, as well as the expenses of the administration of the arbitration.

Ⅳ.

The arbitrator or arbitrator who refuses to sign the Arbitral Award shall not receive payment of its fees. Equal penalty shall apply to the dissenting arbitrator who does not base in writing the reasons for his dissent.

SECTION III

EXCUSE AND RECUSAL OF ARBITRATORS AND EXPERTS

Article 74. (EXCUSE AND RECUSAL CAUSALITIES).

Ⅰ.

The following shall be grounds for excuse or recusal of arbitrators:

1.

Have kinship relationship up to the fourth degree of inanguinity or second of affinity, with one of the parties, their representatives or lawyers.

2.

Have a direct or indirect interest in the dispute.

3.

Maintain a for-profit relationship with e-parties.

4.

Have a relationship of compadre, godfather or godson, with one of the parties.

5.

Be a creditor, debtor or trustor of any of the parties.

6.

Have pending judicial or extrajudicial proceedings ccli either party.

7.

To have advanced judgment regarding the dispute.

II.

Only numerals 1, 2 and 6 of Paragraph I of this Article shall apply to experts.

Article 75. (EXCUSE OBLIGATION).

Ⅰ.

A person designated as Arbitró, who falls within the grounds of the preceding Article of this Law, shall have an obligation to. excuse yourself within three (3) days of your notification.

II.

In the event of an excuse from the person appointed as a Single Arbitrator OR to constitute the Arbitral Tribunal, the nominating Authority shall, without further resignation, continue the arbitration proceedings.

Article 76. (RECUSAL PROCEDURE).

Ⅰ.

The parties may freely agree to the arbitrators' recusal procedure or refer to the rules of the Conciliation and Arbitration Center or the Arbitration Center.

II.

In the absence of agreement, the responding party may go to the nominating Authority, in accordance with the following:

1.

The recusal party shall submit its duly substantiated request, accompanying the relevant evidence within five (5) days of become aware of the Arbitrator's acceptance.

2.

Any recusal shall be notified to the parties, as well as to the Challenged Arbitrator and the other members of the Arbitral Tribunal, so that within five (5) days of their notification, a hearing is held to resolve the challenge.

Ⅲ.

In the case of a single Arbitrator or if the challenge involves the majority of the members of the Arbitral Tribunal, the challenge raised will not suspend the jurisdiction of the arbitrators as long as it is not declared proven.

SECTION IV

JUDICIAL AUTHORITY

Article 77. (JUDICIAL HELP).

It is for the judicial authority to know and resolve the matters that the Emergency Arbitrator(s), the parties, or the Single Arbitrator or the Arbitral Tribunal, request in accordance with this Act.

Article 78. (JURISDICTION OF THE JUDICIAL AUTHORITY).

For the purpose of providing judicial assistance, the judicial authority determined by law shall have jurisdiction, in accordance with the following order:

1.

Where arbitration is to be conducted.

2.

Where the arbitration clause or arbitration agreement was concluded.

3.

The domicile, principal establishment or habitual residence of any of the defendants at the choice of the claimant.

Article 79. (JUDICIAL ASSISTANCE IN RECUSATION).

Ⅰ.

In the absence of agreement of parties, nominating authority or regulation in the regulations of the Conciliation and Arbitration Centre or arbitration centres, the responding party may seek judicial assistance, in which case it will formalize the recusal before the competent judicial authority, within five (5) days after it become aware of the designation of the single arbitrator or the establishment of the Arbitral Tribunal.

II.

Upon recusal and upon notification by parties, the competent judicial authority shall resolve the incident at a hearing, which shall take place within a maximum period of five (5) days of the request for judicial assistance.

SECTION V

COMPETITION AND ARBITRAL FACULTIES

Article 80. (COMPETITION OF THE SINGLE ARBITRATOR AND ARBITRAL COURT).

Ⅰ.

In disputes resolved subject to this Law, only the Single Arbitrator or the relevant Arbitral Tribunal shall have jurisdiction. No other court or instance may intervene, unless it is to perform judicial relief tasks.

II.

The Single Arbitrator or arbitral tribunal shall be empowered to decide on its own jurisdiction, including on exceptions relating to the existence or validity of the arbitration clause or arbitration agreement.

Ⅲ.

Accepted the position by the single arbitrator or subscribed to the record of the hearing of incorporation of the Arbitral Tribunal, the arbitral tribunal opens its jurisdiction.

Ⅳ.

The jurisdiction of the Single Arbitrator or the Arbitral Tribunal shall cease with arbitration proceedings including acts relating to the amendment, supplementation, clarification and declaration of enforcement of the Arbitral Award, without prejudice to the provisions of the Compulsa established in this Law.

Article 81. (EXCEPTION OF INCOMPETENCE).

Ⅰ.

The exception of incompetence of the Single Arbitrator or the Arbitral Tribunal may be based on:

1.

Non-arbitrable matter.

2.

The non-existence, invalidity, nullity or expiration of the arbitration clause or arbitration agreement.

II.

The exception of incompetence may be opposed until the time of filing the response of the claim, even if the exceptionist party has appointed an arbitrator or participated in its appointment.

Ⅲ.

The exception relating to any excess of the mandate of the Single Arbitrator or the Arbitral Tribunal shall be opposed within five (5) days of knowledge of the act and during arbitration proceedings, specifying the dispute allegedly exceeding that mandate.

Ⅳ.

The single arbitrator or the Arbitral Tribunal shall decide on the exception of incompetence, as a prior matter and of special pronouncement.

Ⅴ.

Where the Single Arbitrator or the Arbitral Tribunal, declares as a prior matter that it lacks jurisdiction, arbitral proceedings shall be concluded and the documentation shall be returned to the parties.

Article 82. (FACULTIES AND DUTIES OF THE SINGLE ARBITRATOR OR ARBITRAL COURT).

Ⅰ.

They are the powers of the Single Arbitrator or the Arbitral Tribunal:

1.

To promote the procedure, having of its own motion the necessary measures for this purpose.

2.

Having in any state of the proceedings the necessary and appropriate means to know the veracity of the facts at issue, being able to request clarifications, supplementary information and explanations that they deem necessary, respecting the right to the defence of the parties.

3.

To urge the party to reconcile at any stage of the proceedings until prior to the issuance of the Arbitral Award.

II.

These are the duties of the Single Arbitrator or the Arbitral Tribunal:

1.

To inform the opposing party of all acts carried out by the other party, so that the other party may exercise its right to the defence.

2.

Appoint a Secretary, who shall have no power of deliberation or decision during the arbitration process or in the Arbitral Award. The Registrar shall have the record under his responsibility and shall help the Single Arbitrator(s) or the Arbitral Tribunal in the proceedings.

3.

Resolve the anertic issues arising in the course of the proceedings.

Article 83. (DECISIONS ISSUED DURING ARBITRATION).

Ⅰ.

During the arbitration, the Single Arbitrator(s) or the Arbitral Tribunal shall issue:

1.

Resolutions, which resolve the anertic issues arising in the course of the process.

2.

Arbitration Award, which resolves the substance of the lawsuit by ending the dispute, with the Single Arbitrator or arbitral tribunal declaring the lawsuit proven or improbed.

II.

Decisions and the Arbitral Award of the Arbitral Tribunal shall be resolved by a majority vote of all its members; except in matters of mere formality, decisions shall be given by the President of the Arbitral Tribunal.

Article 84. (CAUTELAR MEASURES).

Ⅰ.

The Single Arbitrator or the Arbitral Tribunal may, at the request of one of the parties,:

1.

Order any precautionary measures it deems necessary with respect to the subject matter of the dispute, unless the parties have agreed to the exclusion of these measures.

2.

Maintain, modify or effect, in whole or in part, the precautionary measures provided by the Emergency Arbitrator.

3.

Require the party to seek the precautionary measure, an appropriate counter-pet, in order to ensure compensation for damages in favour of the opposing party in the event that the claim is declared unfounded.

II.

The request for precautionary measures; as well as any action taken by the judicial authority, in the event of the Emergency Arbitrator, must be notified immediately to the Conciliation and Arbitration Center or arbitration center, if designated.

Article 85. (JUDICIAL ASSISTANCE FOR THE EXECUTION OF CAUTELAR MEASURES).

Ⅰ.

In the event that the precautionary measures provided for by the Single Arbitrator or the Arbitral Tribunal are not implemented, the interested party may request judicial authority competent assistance for the enforcement of the measures.

II.

The judicial authority shall accept the request for judicial assistance without further formality, within a maximum period of five (5) days.

Ⅲ.

Unless the requested measure is contrary to public order, the judicial authority shall simply comply with the request, without ruling on its origin or admitting opposition or recourse.

CHAPTER II

ARBITRATION PROCEDURE

SECTION I

REQUEST FOR ARBITRATION

Article 86. (MINIMUM REQUIREMENTS).

Ⅰ.

The minimum requirements that the request for arbitration must contain are:

1.

The name and contact details of the parties.

2.

Refer to the arbitration clause or arbitration agreement under which the initiation of the proceedings is requested.

3.

Relationship of the facts on which the application is based.

4.

The points that constitute the reason for the dispute.

5.

Identify whether the dispute was grounds for prior conciliation.

6.

Request.

7.

The proposal on the number of arbitrators, if not agreed in advance.

II.

The application must be accompanied by the arbitration clause or arbitration agreement.

Ⅲ.

The Conciliation and Arbitration Center or the Arbitration Center, upon verification of compliance with the requirements of the request for arbitration and the commitment clause, shall notify the other party with the request for arbitration.

Article 87. (ANSWER TO REQUEST ARBITRATION).

Ⅰ.

Within fifteen (15) days, the other party shall forward its reply to the Conciliation and Arbitration Center or the Arbitration Center, and, where appropriate, may make the exceptions referred to in Article 81 of this Law.

II.

After the deadline set out in the previous Paragraph, the Conciliation and Arbitration Center or the Arbitration Center, with or without the reply, shall proceed in accordance with Articles 61 to 65 of this Law.

Ⅲ.

Once the Single Arbitrator or constituted the Arbitral Tribunal, the Conciliation and Arbitration Center or the Arbitration Center has been appointed, he/she will send you the request for arbitration and its response.

Article 88. (REPRESENTATION AND SPONSORSHIP).

The parties may be represented or sponsored by persons they so deem relevant, and must communicate to the Single Arbitrator or the Arbitral Tribunal the names and addresses of representatives or sponsors, specifying whether the appointment of such persons is for the purpose of representation or sponsorship. Representation must be legally accredited.

SECTION II

START OF ARBITRATION

Article 89. (DEMAND AND ANSWER).

Ⅰ.

The claim and the reply must meet the following requirements:

1.

The name and contact details of the parties.

2.

Relationship of facts on which the claim or response is based.

3.

Matter or subject matter of the lawsuit or response.

4.

Legal grounds or arguments that support the lawsuit or response.

II.

Unless agreed by the parties, the responding party within thirty (30) days of payment with the claim shall respond to or agree to the claim.

Ⅲ.

The complaining party may modify or extend its claim until before it is notified with the reply, in which case the time limit for responding to the claim will be restarted.

Ⅳ.

At the time of filing the counterclaim or response, the responding party may submit any evidence it deems relevant.

Article 90. (EXCEPTION TO THE CLAIM).

The responding party may make any exceptions it deems relevant, together with the reply to the application.

Article 91. (REBELDIA).

Ⅰ.

The Single Arbitrator or the Arbitral Tribunal shall declare the respondent's rebelliousness when it does not respond to the claim or counterclaim, without this meaning an acceptance of the plaintiff's claims.

II.

The declaration of rebellion will not prevent the continuation of the arbitration, and the defendant may assume defense in the state in which he is at the time of his personing.

Ⅲ.

The Single Arbitrator or the Arbitral Tribunal may issue the Arbitral Award on the basis of the evidence available to it, even if one of the parties does not appear at the hearing or does not present evidence.

Article 92. (NOTIFICATIONS).

Ⅰ.

Any written notification in respect of the application and the Arbitral Award which is delivered personally to the addressee or by certificate, at his/her actual address, at the establishment where he carries out his principal activity or in his habitual residence shall be deemed validly received.

II.

Where none of the places indicated in the Previous Paragraph is determined, any written notification which has been sent by registered letter, notarized or any other means recording the fact shall be deemed to have been received at the last known address. In the above cases, the notification shall be deemed to have been received on the date on which the delivery was made.

Ⅲ.

Any other action not indicated in Paragraph I of this Article shall be notified to the Secretariat of the Single Arbitrator or the Arbitral Tribunal, or via mail, e-mail, telex, fax or other means of communication recording written documentary record.

Ⅳ.

In the event of a rebellion, the Arbitral Award shall be notified in accordance with paragraph I of this Article.

Article 93. (AUDIENCES).

Ⅰ.

In the event of a hearing, the Single Arbitrator(s) or arbitral tribunal shall give notice to the parties in advance of at least three (3) days of its conclusion, including the date, time and place of the hearing.

II.

Hearings shall be held privately, unless otherwise agreed by the parties. The single arbitrator or arbitral tribunal may require the witness or expert to withdraw it, during the statement of another witness or expert.

Ⅲ.

At a hearing, witnesses and experts may be questioned under the conditions stipulated by the Single Arbitrator or the Arbitral Tribunal.

In cases where the physical presence of witnesses or experts is not necessary at the hearings, they may be questioned through any means of communication.

Ⅳ.

The Single Arbitrator or the Arbitral Tribunal shall decide ex officio or at the request of parties, the holding of hearings for the submission of evidence, oral pleas or other effects or whether the proceedings shall be conducted on the basis of documents and other evidence.

Article 94. (TESTS).

Ⅰ.

The documentary, witness, expert and all those permitted by law will be means of proof.

II.

Each party shall bear the burden of proof of the facts on which it relies in order to establish its actions or defences.

Ⅲ.

The Single Arbitrator or arbitral tribunal shall determine the admissibility, relevance and importance of the evidence submitted.

Ⅳ.

Unless otherwise provided by the Single Arbitrator or arbitral tribunal, statements by witnesses and experts may be submitted in writing, in which case they must be subscribed by them.

Article 95. (OFFER AND RECEIPT OF TESTS).

Ⅰ.

The offer and receipt of any evidence must be notified to the parties or their representatives for validity purposes. In particular, experts or evidentiary documents on which the Single Arbitrator or the Arbitral Tribunal may establish its decision should be made available to both parties.

II.

Evidence must be produced within the maximum period of thirty (30) computable days from the date of notification with the response of the claim or counterclaim.

Ⅲ.

Upon justification, the Single Arbitrator or the Arbitral Tribunal may, ex officio, require the evidence it deems relevant.

Ⅳ.

The production of the tests may only be carried out with the presence of all the arbitrators.

Article 96. (EXPERTS).

Ⅰ.

Any person appointed by a party to report to the Single Arbitrator or arbitral tribunal on matters requiring expertise may act as an expert.

II.

In the event that the Single Arbitrator or the Arbitral Tribunal requires clarity on the facts of the dispute, upon communication to the parties, it may designate one or more independent experts.

Ⅲ.

The expert shall submit to the Single Arbitrator or the Arbitral Tribunal and the parties, before accepting their designation, a description of their qualifications and a declaration of acceptance, availability, impartiality and independence.

Ⅳ.

Within the time limit of the Single Arbitrator or arbitral tribunal, the parties may raise objections as to the qualifications, impartiality or independence of the expert.

The Single Arbitrator(s) or the Arbitral Tribunal shall resolve the objection within five (5) days from the date on which it has been raised. If appropriate, another expert shall be appointed.

Ⅴ.

The parties shall provide the expert with all information required of them for the purposes of their valuation.

Saw.

Upon receipt of the opinion of the expert, the Single Arbitrator or the Arbitral Tribunal shall forward a copy thereof to the parties, to whom it will offer the opportunity to express in writing its opinion on the opinion. The parties shall have the right to examine any documents invoked by the expert in their opinion.

Article 97. (TESTIGOS).

Ⅰ.

Any person appointed by one of the parties may act as a witness to testify of any matter of fact relating to the dispute.

II.

Witnesses may be crossed out in accordance with current legal regulations.

Article 98. (ASSESSMENT OF THE TEST).

The single arbitrator or arbitral tribunal, in time to pronounce the Arbitral Award, shall have an obligation to consider each and every evidence produced, individualizing which helped him form conviction and which were dismissed, in accordance with the rules of sound criticism or prudent judgment.

Article 99. (CONCLUSION OF HEARINGS).

Ⅰ.

The Single Arbitrator or the Arbitral Tribunal may consult the parties if they have more evidence to offer, witnesses to present or presentations to make, if there are not, may declare the hearings closed.

II.

The Single Arbitrator or the Arbitral Tribunal may, if it deems it necessary due to exceptional circumstances, decide on its own initiative, the reopening of hearings at any time prior to the issuance of the Arbitral Award.

SECTION III

SUSPENSION AND EXTRAORDINARY CONCLUSION OF ARBITRATION

Article 100. (SUSPENSION OF ARBITRATION).

Ⅰ.

The parties by common agreement and by written communication to the arbitrators may suspend the arbitration proceedings until before the arbitral award is issued for the agreed period, the time limit set out in Article 50 of this Law shall therefore be suspended.

II.

After the deadline has expired and if the parties do not restart the process, they shall be deemed to withdraw by common agreement from the arbitration proceedings and shall have it as an extraordinary conclusion of the proceedings.

Article 101. (EXTRAORDINARY CONCLUSION OF ARBITRATION).

Prior to the issue of the Arbitral Award and in an extraordinary way, the Single Arbitrator(s) or the Arbitral Tribunal may conclude the arbitration in the following cases:

1.

Withdrawal of the lawsuit before your reply, being not filed.

2.

Withdrawal of the claim, unless opposed by the defendant based on a legitimate interest in obtaining a definitive settlement of the dispute, recognized by the Single Arbitrator or the Arbitral Tribunal.

3.

Withdrawal by common agreement of the arbitration procedure.

4.

Impossibility or lack of need to continue proceedings, as proven by the Single Arbitrator or the Arbitral Tribunal.

5.

Abandonment of arbitration proceedings by both parties for more than sixty (60) calendar days, computable since the last action.

6.

Reconciliation, transaction, mediation, negotiation or friendly composition.

7.

As set out in Paragraph II of Article 100 of this Law.

Article 102. (CONCILIATION, TRANSACTION, MEDIATION, NEGOTIATION OR FRIENDLY COMPOSITION).

Ⅰ.

If, prior to the arbitral award, the parties agree to a conciliation, settlement, mediation, negotiation or friendly composition that resolves the dispute, the Single Arbitrator and the Arbitral Tribunal shall record such agreement in the form of an Arbitral Award and in the terms agreed by the parties.

II.

Where conciliation, settlement, mediation, negotiation or amicing composition is partial, the arbitration proceedings shall continue in respect of the other unresolved disputed cases.

CHAPTER III

ARBITRATION AWARD

SECTION I

General

Article 103. (FORM).

Ⅰ.

The Arbitral Award shall be reasoned and subscribed by the Single Arbitrator(s) or by the majority of the members of the Arbitral Tribunal, even if there is dissent.

II.

The dissenting Arbitrator shall substantiate the reasons for its decision, at the foot of the Arbitral Award.

Article 104. (TERM AND NOTIFICATION).

Ⅰ.

The time limit for issuing the Arbitral Award shall be thirty (30) calendar days computable from the last procedural act, as established in Article 51 of this Law.

II.

The Arbitral Award shall be notified to the parties by a copy duly signed by the arbitrators.

Article 105. (LAUDO CONTENT).

The Arbitral Award shall contain at least:

1.

Names, nationality, domicile and general laws of the parties and arbitrators.

2.

Headquarters, place and date on which the Arbitral Award is pronounced.

3.

Relationship of the dispute submitted to arbitration.

4.

Individualization and evaluation of evidence and its relationship to controversy.

5.

Rationale of the arbitral decision either in law or in equity.

6.

Mode, time and place of fulfilment of the obligations or rights enforceable.

7.

Penalties in case of non-compliance.

8.

Signatures of the Single Arbitrator or most members of the Arbitral Tribunal, including p dissidents.

Article 106. (SANCTIONS).

Ⅰ.

In the event that the Arbitral Award provides for compliance with a pecuniary obligation, its resolution part shall specify the corresponding liquid and enforceable sum and the time limit for its fulfilment. In the case of obligations to make or not to do, the Arbitral Award shall set a reasonable period of time for compliance with them.

II.

Notwithstanding the foregoing, whatever the nature of 1st obligation that the Arbitral Award provides to comply with, the Single Arbitrator or the Arbitral Tribunal may impose financial penalties for the benefit of the creditor, for any delay in fulfilling such obligation. Financial penalties shall be progressive and shall be graduated in accordance with the economic and personal conditions of the controller.

Article 107. (AMENDMENT, COMPLEMENTATION AND CLARIFICATION).

Ⅰ.

Within three (3) days of notification with the Arbitral Award, the parties may request that the Single Arbitrator or arbitral tribunal amend any errors of calculation, transcription, printing or of a similar nature, provided that the substance of the decision is not altered. The mere material error may be corrected ex officio, by Resolution, still in the execution of the Arbitral Award.

II.

In the same manner and in a similar time, the parties may request that the Single Arbitrator or arbitral tribunal rule on any omitted point or of dubious understanding or interpretation, in order to supplement or clarify the Arbitral Award.

The requested amendment, supplementation or clarification shall be resolved by the Single Arbitrator or the Arbitral Tribunal within three (3) days of the request. If necessary, this period may be extended for a maximum term of three (3) days, with acceptance by the parties.

Article 108. (ADVERTISING OF THE ARBITRAL AWARD).

The Arbitral Award may be made public with the consent of the parties or where a party has a legal obligation to publicity to protect or exercise a right and to the extent so, or in the case of legal proceedings before a court or other competent authority.

Article 109. (EXECUTING AND EFFECTS).

Ⅰ.

The Arbitral Award shall be executed where the parties have not brought an action for invalidity within the time limit laid down in this Law, or where the one brought has been declared unentrocious.

II.

The executed Arbitral Award shall have the value of a past judgment in res judicata authority and shall be binding and inexcusable from notification to the parties with the decision declaring it so.

Article 110. (CESSATION OF FUNCTIONS).

The single arbitrator or arbitral tribunal shall cease its functions with the enforcement of the Arbitral Award, without prejudice to The provisions of Article 116 of this Law.

SECTION II

Resources

Article 111. (ARBITRATION AWARD NULLITY REMEDY).

Against the Arbitral Award rendered, only an appeal may be brought for the nullity of the Arbitral Award. This appeal is the only means of challenge to the Arbitral Award.

Article 112. (GROUNDS OF NULLITY OF THE ARBITRAL AWARD).

Ⅰ.

The competent judicial authority shall declare the Arbitral Award invalid for the following grounds:

1.

Non-arbitrable matter.

2.

Arbitration award contrary to public order.

3.

Where the appellant proves any of the following grounds:

a)

That there is nullity or nullity of the arbitration clause or arbitration agreement, in accordance with the Civil Law.

b)

That the right to defend one of the parties would have been affected during the arbitration proceedings.

c)

That the Arbitral Tribunal had manifestly been overreached in its powers in the Arbitral Award, with reference to a dispute not provided for in the arbitration clause or arbitration agreement.

d)

That the Arbitral Tribunal had been composed irregularly.

II.

The parties may rely on one or more grounds for annulment of the Arbitral Award, provided that they have made due protest of that cause during the arbitration proceedings.

Article 113. (INTERPOSITION, F-NDAMENTATION AND TERM).

Ⅰ.

The appeal for invalidity of the Arbitral Award shall be brought before the single arbitrator or arbitral tribunal which issued the Arbitral Award, substantiating the tort suffered, within ten (10) comlable days from the date of notification with the Arbitral Award or, where appropriate, the date of notification with the amended decision , supplementation or clarification.

II.

The contrary party shall be transferred from this action and must be answered within the same period. Upon defeat of this, the Single Arbitrator or the Arbitral Tribunal, with or without response to the transfer, shall grant the appeal providing for the sending of the record to the competent judicial authority of the jurisdiction where the arbitration took place. The referral of the background shall be made within three (3) days of granting the appeal.

Ⅲ.

The Single Arbitrator or arbitral tribunal shall reject without further formality any remedy for annulment of the Arbitral Award that is filed outside the time limit established by this Article, or which does not refer to any of the grounds edified in Article 112 of this Law.

Article 114. (PROCEDURE OF THE REMEDY).

Ⅰ.

Once the record is received, the judicial authority will file the case. The procedural domicile of the parties shall be the Secretariat of the Court.

II.

The judicial authority, when requested to invalidte the Arbitral Award, may suspend the enforcement of the Arbitral Award, where applicable and at the request of one of the parties, for the period it deems relevant, in order to give the Single Arbitrator or the Arbitral Tribunal the opportunity to resume arbitration proceedings or to take any other action which it considers to eliminate the grounds for the appeal of the Arbitral Award.

Ⅲ.

The judicial authority shall give a decision without further formality, within thirty (30) days of the date of entry of the file to dispatch.

Ⅳ.

The judicial authority, in accordance with its sound criticism, may open an eight (8) day probative term, in accordance with the rules of the current civil procedural rule.

Article 115. (INADMISSIBILITY OF REMEDIES).

The decision resolving the appeal of the Arbitral Award does not allow any appeal.

Article 116. (COMPULSA).

Ⅰ.

In the event of a refusal to grant the remedy for the invalidity of the Arbitral Award by the Single Arbitrator or the Arbitral Tribunal, the party or parties concerned may appeal to the judicial authority in civil and commercial matters on duty, of the place where the Arbitral Award was issued, within three (3) days.

The judicial authority shall order the Single Arbitrator or the Arbitral Tribunal to refer the record within three (3) days, which can be counted from the receipt of the notification. The judicial authority shall terminate the compulsa within three (3) days of receipt of the record.

II.

If the compulsa is declared legal, all those acted since the filing of the action for invalidity shall be null and void, and the procedure determined in the civil procedural rule in force shall apply.

Ⅲ.

If the compulse is declared illegal, the costs to be paid by the appellant shall be classified in the same decision.

SECTION III

FORCED EXECUTION OF THE ARBITRAL AWARD

Article 117. (JUDICIAL EXECUTION).

Upon enforcement of the Arbitral Award and the deadline for its enforcement has expired, the interested party may request its enforceability before the competent judicial authority.

Article 118. (EXECUTION REQUEST).

The party requesting the execution of an Arbitral Award shall accompany authenticated copies of the following documents to the application:

1.

Main contract containing the arbitration clause or arbitration agreement concluded between the parties.

2.

Arbitration Award and amendments, supplementations and clarifications.

3.

Proof or written record of notification to the parties with the Arbitral Award.

Article 119. (FORCED EXECUTION PROCESS).

Ⅰ.

If the application is filed, the competent judicial authority shall transfer it to the opposing party to respond within five (5) days of its notification.

II.

The judicial authority shall accept opposition to the enforcement of the Arbitral Award when documentary evidence is demonstrated the enforcement of the Arbitral Award itself or the existence of an appeal for nullity of the pending Arbitral Award. In the latter case, the judicial authority shall suspend the enforcement of the Arbitral Award until the appeal is resolved.

Ⅲ.

The Judicial Authority shall dismiss without any formality oppositions based on arguments other than those set out in the previous Paragraph or any incident intended to hinder the requested execution.

Decisions in this area shall not allow any challenge or appeal. It is forbidden for the Executing Judge to admit remedies that hinder the execution of the Arbitral Award, and the respective decision is null and void.

Ⅳ.

The judicial authority shall of its own motion reject enforcement where the Arbitral Award is in the interest of any of the grounds set out in Paragraph I of Article 112 of this Law.

Ⅴ.

For the purposes of coersive enforcement of sums of money, the provisions of the current civil procedural rule shall apply.

SECTION IV

FOREIGN ARBITRATION AWARD

Article 120. (NATURE).

For the purposes of this Law, Foreign Arbitration Award shall mean any Arbitration Award issued at a venue other than the territory of the Plurinational State of Bolivia.

Article 121. (APPLICABLE RULES).

Ⅰ.

Foreign arbitration awards shall be recognized and enforced in the Plurinational State of Bolivia, in accordance with the rules on international judicial cooperation laid down in the current civil procedural rule, and treaties on the recognition and enforcement of foreign awards or arbitral judgments, in all matters that do not contradict the procedure established in this Law.

II.

Unless parties agree and in the event of more than one applicable international instrument, the most favourable treaty or convention shall be chosen from the party requesting recognition and enforcement of the Arbitral Award.

Ⅲ.

In the absence of any treaty or convention, foreign arbitration awards shall be recognized and enforced in the Plurinational State of Bolivia, in accordance with the provisions of this Law.

Article 122. (CAUSES OF IMPROCEDENCE).

The recognition and enforcement of a Foreign Arbitration Award shall be refused and declared inappropriate, on the following grounds:

1.

Existence of any of the grounds of invalidity established in Article 112 of this Law, proven by the party against whom the recognition and enforcement of the Foreign Arbitration Award is invoked.

2.

Absence of enforceability for non-execution, nullity or suspension of the Foreign Arbitration Award by the competent judicial authority of the State where it was issued, proven by the party against whom the recognition and enforcement of the Foreign Arbitration Award is invoked.

3.

Existence of grounds of nullity or improperness established by existing international agreements or conventions.

4.

Non-compliance with the rules contained in the current civil procedural rule regarding international judicial cooperation.

Article 123. (APPLICATION AND COMPETITION).

Ⅰ.

The application for recognition and enforcement of a Foreign Arbitration Award in Bolivia shall be lodged with the Supreme Court of Justice.

II.

The party seeking the recognition and enforcement of a Foreign Arbitration Award shall submit copies of the corresponding agreement and Foreign Arbitration Award, duly legalized.

Ⅲ.

Where the Agreement and the Foreign Arbitration Award do not enter into Spanish, the applicant must submit a translation of those documents, signed by an authorized translator.

Article 124. (PROCEDURE).

Ⅰ.

Upon submission of the application for enforcement of the Foreign Arbitral Award, the Supreme Court of Justice shall be transferred to the other party to respond within ten (10) days of its notification, and submit and provide the evidence it deems necessary.

II.

Evidence shall be produced within a maximum period of eight (8) computable days from the last notification to the parties with the decree opening the relevant test term. Within five (5) days of the end of the trial being expired, the Supreme Court of Justice shall give a decision.

Ⅲ.

Declared the origin of the application, the execution of the Foreign Arbitration Award shall be carried out by the competent judicial authority designated by the Supreme Court of Justice, which shall be that of the domicile of the party against whom recognition of the Foreign Arbitration Award has been invoked or requested or, if not, by the one having jurisdiction in the place where they are located.

Article 125. (OPPOSITION TO EXECUTION).

It may be brought before the Supreme Court of Justice, as oppositions, those set out in Paragraph II of Article 119 of this Law. In this case, the Supreme Court of Justice shall suspend the recognition and enforcement of the Foreign Arbitral Award.

TITLE IV

SPECIAL REGIMES

CHAPTER I

GENERAL PROVISIONS

Article 126. (APPLICABLE PROVISIONS).

The provisions of Titles I, II and III of this Law shall apply to this Title, unless expressly provided otherwise in this Title.

CHAPTER II

CONTROVERSIES WITH THE STATE IN INVESTMENTS

SECTION I

COMMON PROVISIONS

Article 127. (CHARACTER).

Ⅰ.

Investment disputes shall be subject to Bolivian jurisdiction, laws and authorities.

II.

The rules of this Chapter shall apply to disputes of a contractual or non-contractual relationship, where the State is a party to such disputes and these arise or are related to an investment established in Law No. 516 of 4 April 2014 on the Promotion of Investments.

Ⅲ.

The parties to the dispute, prior to recourse to arbitration, shall resort to the path of conciliation.

Ⅳ.

Disputes of public undertakings, under Paragraph II of this Article, shall be resolved:

1.

Applying Section II of this Chapter:

a)

Where they arise as a result of the interpretation, implementation and enforcement of decisions, activities and rules between partners of the intergovernmental State enterprise.

b)

When they arise inside and between state-owned enterprises and inter-government state-owned enterprises.

2.

Applying Section III of this Chapter:

a)

Where they arise as a result of the interpretation, application and enforcement of decisions, activities and rules between partners of the joint venture and joint venture.

b)

When they arise inside and between joint state-owned enterprises and joint ventures.

Article 128. (PRINCIPLES).

In addition to the principles set out in Article 3 of this Law, the settlement of investment disputes shall be governed by the following principles:

1.

Equity.It consists of the distribution and redistribution of conditions that ensures to all persons, both individual and collective, the possibility of access to the exercise of their rights.

2.

Veracity.The Conciliator(s) or arbitrator shall fully verify the facts that motivate its decisions, for which it shall adopt necessary and appropriate means authorized by Law, respecting the right to the defence of the parties.

3.

Neutrality.The Conciliator or the Arbitrator has full freedom and autonomy for the performance of its duties and must remain impartial during the proceedings, without having a personal, professional or commercial relationship with any of the parties or interested parties, or have an interest in the dispute.

4.

Mutual Acceptability.By which the parties submit voluntarily for the purposes of conciliation or arbitration.

5.

Reasonableness.The Arbitrator's decisions should be geared towards protecting legal certainty, the values of the Political Constitution of the State as well as prudence and proportionality.

Article 129. (FEATURES).

Arbitration and Investment Settlement shall have the following characteristics:

1.

Conciliation or Arbitration shall be national.

2.

The Conciliation or Arbitration shall be headquartered in the territory of the Plurinational State of Bolivia. However, hearings may be held, evidenced and other proceedings may be carried out outside the Plurinational State of Bolivia.

3.

The existence of an Arbitral Clause or an Arbitration Convention, or the will to reconcile a dispute, does not limit or restrict the powers and powers of control and control of the relevant regulatory entities and competent authorities, to which the parties shall be subject at all times, in accordance with the applicable rules.

SECTION II

BOLIVIAN INVESTMENT CONTROVERSIES

Article 130. (COMMON RULES FOR CONCILIATION AND ARBITRATION).

The Conciliation and Arbitration established in this Section shall apply to disputes relating to Bolivian investment by Bolivian natural or legal persons, public or private, in accordance with the following rules:

1.

The Conciliation and Arbitration shall be administered by a National Center.

2.

The applicable Conciliation or Arbitration Rules shall be of the Center chosen by the parties.

3.

The Nominating Authority shall be the person designated by the Centre chosen by the parties.

Article 131. (PARTICULARITIES).

Ⅰ.

For conciliation submitted to this Section, the Conciliator(s) shall be appointed by the parties on the basis of the list of conciliators of the Center chosen by the parties. In the absence of agreement, the parties may request that the appointment of the Conciliator be made by the nominating Authority.

II.

For arbitration submitted to this Section, the following rules shall apply:

1.

The dispute shall be settled by a Single Arbitrator or an Arbitral Tribunal composed of three (3) arbitrators, each party may in the latter case appoint an Arbitrator from the list of arbitrators of the Center chosen by the parties.

2.

The third Arbitrator shall serve as President of the Arbitral Tribunal and shall be appointed by the two (2) arbitrators appointed by the parties from the list of arbitrators of the Centre chosen by the parties.

3.

In the absence of agreement with regard to the appointment of the Single Arbitrator or the President of the Arbitral Tribunal, it shall be made by the nominating Authority.

4.

The Single Arbitrator or the Arbitral Tribunal shall apply the Political Constitution of the State, laws and rules of the Plurinational State of Bolivia, to decide on the substance of the dispute.

5.

The Arbitration shall be in law.

SECTION III

MIXED AND FOREIGN INVESTMENT DISPUTES

Article 132. (PARTICULARITIES IN CONCILIATION).

For conciliation submitted to this Section, the following rules shall apply:

1.

The Conciliator(s) shall be appointed by the parties, in the absence of agreement, they may request that the appointment of the Conciliator(s) be made by the nominating Authority, who shall be the person designated by the Conciliation Centre or be the Secretary-General or similar authority of the Investment Dispute Settlement Centre of an agency of which the Plurinational State of Bolivia is a party , within the framework of integration processes.

2.

The applicable Conciliation Rules or Procedures shall be chosen by the parties; in the absence of agreement, the Conciliation regulation or procedure shall be that of the Investment Dispute Settlement Centre of a body of which the Plurinational State of Bolivia is a party, within the framework of integration processes.

Article 133. (PARTICULARITIES IN ARBITRATION).

For arbitrations submitted to this Section, the following rules shall apply:

1.

The Arbitral Tribunal shall consist of three (3) arbitrators, each party may appoint an Arbitrator. The third arbitrator shall serve as President of the Arbitral Tribunal and shall be appointed by the two (2) arbitrators appointed by the parties. In the absence of agreement, the nominating Authority will do so at the request of the parties.

2.

The nominating Authority shall be elected by agreement of the parties; in the absence of agreement, the nominating Authority shall be the Secretary-General or similar authority of the Investment Dispute Settlement Centre of a body of which the Plurinational State of Bolivia is a party, within the framework of integration processes. In the absence of the latter, the nominating Authority shall be the Secretary-General of the Permanent Court of Arbitration in The Hague.

3.

The Arbitral Tribunal shall apply the Political Constitution of the State, laws and rules of the Plurinational State of Bolivia, to decide on the substance of the dispute.

4.

The applicable Arbitration Rules or Procedures shall be chosen by the parties; in the absence of agreement, the Arbitration Rules or Procedures shall be that of the Investment Dispute Settlement Centre of a body of which the Plurinational State of Bolivia is a party, within the framework of integration processes.

5.

The duration of the arbitration may be extended up to six hundred (600) calendar days, additional.

6.

The Arbitral Tribunal shall decide on the exception of incompetence, as a prior matter and of special ruling.

7.

The Arbitral Award shall be final and unappealable, and shall be issued within ninety (90) calendar days, comlable from the last procedural action, which may be extended within a similar period for a single time, unless otherwise provided for in the Arbitration Rules or Procedures chosen by the parties.

8.

The Arbitration shall be in law.

CHAPTER III

TESTAMENTARY ARBITRATION

Article 134. (APPLICATION SCOPE).

Ⅰ.

Safeguarding the limitations established by the successor public order, the arbitration instituted by the sole will of the testator shall be valid, for the purpose of resolving disputes that may arise between its heirs and legatees, with reference to the following aspects:

1.

Interpretation of the last will of the testator.

2.

Share of inheritance assets.

3.

Institution of successors and conditions of participation.

4.

Inheritance distribution and management.

II.

Where the probate provision does not provide for the appointment of the Arbitral Tribunal or the arbitration institution, the arbitral tribunal shall be ordered with judicial assistance, in accordance with the provisions of this Law.

Ⅲ.

In the absence of express provisions in the will, the provisions contained in this Law shall apply to this form of arbitration.

CHAPTER IV

FRIENDLY SOLUTIONS

Article 135. (FRIENDLY SOLUTIONS UNDER THE INTER-AMERICAN HUMAN RIGHTS SYSTEM).

The Plurinational State of Bolivia may enter into amicable settlement agreements under the Inter-American System of Human Rights, in accordance with the Regulations of the Inter-American Commission on Human Rights, without implying recognition of international responsibility.

TRANSITORY PROVISIONS

First.

Ⅰ.

Authorized Conciliation and Arbitration Centers that are operating lawfully under Law No. 1770 of March 10, 1997, arbitration and conciliation, and Supreme Decree No. 28471 of 29 November 2005, shall adapt their regulations within a maximum period of sixty (60) calendar days from the publication of this Law , to obtain your authorization, as determined by this Law. The Ministry of Justice shall have a period of one hundred and twenty (120) calendar days from its submission, for the approval of conciliation and arbitration regulations.

II.

The authorization of the Conciliation and Arbitration Centers shall expire upon failure to comply with the preceding paragraph. Except in the case of having pending procedures in their administration, in which case their authorization will expire in time of completion of these.

Second.

Conciliation and arbitration proceedings initiated prior to the publication of this Law shall continue to be processed until their conclusion in accordance with Law No. 1770 of 10 March 1997 and related legislation.

Third.

Disputes subject to arbitration on the basis of arbitration clauses signed and without arbitration prior to the publication of this Law shall be handled as agreed in the respective contracts.

Fourth.

Ⅰ.

Public Enterprises, as long as there is migration into the legal regime of Law No. 466 of December 26, 2013, of the Public Company, may incorporate in their administrative contracts dispute settlement clauses through conciliation and Arbitration, which will be headquartered by the Plurinational State of Bolivia and will be subject to Bolivian regulations. Arbitration shall be in law.

II.

The provisions of Titles I, II and III of this Law shall apply to disputes of public undertakings, provided that they do not contradict paragraph I of this Transitional Provision.

FINAL PROVISIONS

First.

The Arbitral Tribunal may apply in addition to the procedural rules in civil matters, where the parties, the institutional regulation adopted or the court itself have not provided for specific treatment of this matter.

Second.

The procedural rules set out in Titles II and III of this Law may be applied in addition to the regulations of those entities that apply in the Conciliation and Arbitration, in everything that is not standard.

Third.

The competent authorities of the regulated sector which carry out conciliation processes for the resolution of disputes between users or consumers, and regulated entities within the scope of their competences, will do so in accordance with their own regulations and procedures.

Fourth.

The implementation of this Law shall not represent additional resources to the General Treasury of the Nation – TGN

ABROGATORY AND DEROGATORY PROVISION

Only.

Ⅰ.

Law No. 1770 of 10 March 1997 on Arbitration and Conciliation is abrogated.

II.

All provisions contrary to this Law are repealed and repealed.

 

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