Inter-American Commercial Arbitration Commission

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Inter-American Commercial Arbitration Commission

Also called the IACAC. An international organization that provides out-of-court dispute resolution services for issues affecting trade in the Western Hemisphere. The IACAC consists of representatives from most countries in North and South America; it makes arrangements for arbitration or conciliation when two companies request it. It charges a fee for its services. It was originally established in 1934.
References in periodicals archive ?
280) Notably, use of hearsay is not improper under the IACAC Arbitration Rules, since the arbitral tribunal has a great deal of discretion in how evidence is to be presented, (281) nor is hearsay prohibited in U.
283) For example, Decree 1818/98 allows arbitrators to set the place of arbitration if the parties have not done so, a practice that is consistent with the IACAC Arbitration Rules and U.
295) There is no requirement under the IACAC Arbitration Rules that arbitrators be of a particular nationality.
A (1975) (amended April 1, 2002) [hereinafter IACAC Arbitration Rules].
44/86]; IACAC Arbitration Rules, supra note 65; see also Anderra Energy Corp.
See IACAC Arbitration Rules, supra note 65; see also Zuleta, Colombia, supra note 28, para.
The Centro de Arbitraje y Conciliacion de la Camara de Comercio de Bogota also acts as an independent arbitral institution outside the context of the IACAC.