The Legal Framework for Arbitration in Costa Rica

General Information

  • UNCITRAL Model-Law based: Yes.
  • Legal Provisions: Law Number: 8937 Law on International Commercial Arbitration based upon the United Nations Commission on International Trade Law. English translation is available on the website of the Center for Dispute Resolution.

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 26 October 1987); reservations: none.
  • European Convention: No.
  • ICSID Convention: Yes (ratification/accession: 27 April 1993); reservations: on 27 April 1993, Costa Rica notified the Centre that there may only be recourse to arbitration pursuant to the Convention where all existing administrative or judicial remedies have been exhausted.
  • Energy Charter Treaty: No.

Arbitral Institutions

Last updated November 2016