The “amigable composición” is a common dispute settlement mechanism in which parties (principals) to a contract agree to grant to a third party (amigable componedor) the authority to settle the legal differences existing between them. The “amigable componedor” represents the interests of the principals for the purpose of the settlement. An advantage for this system is that, in contrast to arbitration and conciliation methods, the “amigable componedor” is not required to follow a long and difficult legal process; as a result the procedure is less costly.
|Pages (from-to)||3 - 17|
|Number of pages||14|
|Journal||Revista de derecho privado|
|State||Published - Jun 2007|