The Chamber of Commerce of Lanzarote has launched this Monday the third course aimed at training the arbitrators and mediators of this entity. In the coming days, the Lanzarote Arbitration and Mediation Court will select the first arbitrators who can begin to exercise this function within the Chamber. For this, it is required that these people have attended the training days, among other requirements.
This course is taught by the Secretary of the Spanish Court of Arbitration, José Luis Roca Aymar, and the mediation expert Ana Salinas.
The Arbitration and Mediation Court of the Chamber of Commerce of Lanzarote is a service aimed at entrepreneurs to provide a quick and effective solution to commercial conflicts that arise between companies. It is an institution of extrajudicial resolution of conflicts with lower costs than usual. The Arbitration Award that is issued is binding on the parties and has the same validity as a judicial sentence.
This service already works in other chambers of Spain and even better in Anglo-Saxon countries, where judicial costs are higher than in this country. This tool, according to the Chamber, will speed up the resolution of commercial conflicts, since it is an extrajudicial resolution.
The Arbitration Court, according to this entity, has a series of advantages such as the speed to obtain a resolution, the reduction of costs, the simplification of procedures and language, the proximity in care, the discretion on the matters treated, the flexibility of the procedure, the specialization of the arbitrator and the security in the execution of the resulting agreement.
