19 Dec 2018
On 26 July 2018, Argentina published in its Boletín Oficial (Official Gazette), law 27.449 on international commercial arbitration (Argentinian Law). This new law adopts the UNCITRAL Model Law on International Commercial Arbitration as amended in 2006 (Model Law), modernizing the arbitral framework and aligning Argentina with international standards. Before this enactment, in 2015, Argentina had included some provisions in its civil and commercial code, but they remained behind international standards. This new trend reflects clear governmental intent to position Argentina as a friendly seat of arbitration in Latin America and to increase foreign investment.
1. Scope of Application
This new law applies to international commercial arbitration proceedings if the seat of arbitration is located in Argentina (Art. 2). It also applies when parties seek (1) from a court to refer a matter to arbitration or to order an interim measure (Art. 19-21); (2) to enf
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