With the main purpose of providing access to a more agile justice to local businesses, the Chamber of Commerce of Lanzarote has presented the Arbitration and Mediation Court. An institution created to constitute itself as an extrajudicial system for resolving commercial disputes and which will mean a saving in costs when obtaining a resolution, the arbitration award, which decides on the merits of the matter and which is mandatory for the parties, just as a judicial sentence is.
Mediation will be a service that will be offered free of charge to businesses on the island, while arbitration will have lower costs than those usually involved in the traditional process in the courts.
The presentation ceremony, which will take place this Tuesday, January 13, at 10:00 a.m. at the Arrecife Gran Hotel, will be attended by the president of the Superior Court of Justice of the Canary Islands, Antonio Castro Feliciano, and the president of the Spanish Court of Arbitration, Bernardo Cremades. Lawyers interested in the event are invited, as well as professional associations, businessmen, politicians and public institutions of the island.
During the presentation, the operation of the institution will be explained and special emphasis will be placed on that businessmen and advisors begin to include the submission clause in the different contracts they enter into, so that later any controversy can be subject to this process.
