Although the country has made progress in arbitration for conflict resolutionthe judicial alternative requires more specialized experts that contribute to expanding the scope of this private method to resolve incidents that require the intervention of a third party.
The Court of Arbitration and Alternative Conflict Resolution of Santo Domingo celebrated the XIV Central American and Caribbean Convention of Arbitration Centersan event that brought together in the Dominican Republic specialists in conflict resolution of Latin America, in which trends and practices of arbitration.
According to experts, the country needs to continue specializing arbitration law professionals and integrate more technological innovation to enhance processes.
In that order, the panelist Elena Gutiérrez maintained that the main challenge is to ensure that the parties have the right to present your case to the endbeing aware that this can be done by limiting costs and times so that the arbitration respond to user needs.
- He arbitration is an alternative to resolve disputes. It is a procedure that is performed in mutual agreement between the parties involved, who have the option of choosing the arbitrator who will help them in the process.
- Within the advantages of this alternative confidentiality, speed, economy, neutrality and definitive solution are highlighted in a private court and specialized instead of going before traditional courts.
Artificial intelligence as a tool arbitration
![[object HTMLTextAreaElement]](https://resources.diariolibre.com/images/2024/10/17/17102024-parte-de-los-que-asistieron-al-evento-01.jpg "They develop a convention on arbitration in the DR")
Gutiérrez added that the artificial intelligence (AI)without a doubt, is already achieving benefits in the arbitration. “Artificial intelligence has to be seen as a toolno more nor less, that helps arbitration procedures to better serve their users and, in that sense, can help efficiency,” he told Free Diary.
In that regard, Stephan Adell said that the future has reached that point. “What we are exploring are the boundaries how far we can use a technology who obviously has a lot to contribute.
The expert moderated the panel “Arbitration efficiency: Available resources”, in which they discussed the use of technologies, innovations and existing challenges for the arbitration.
In the specific case of the country, Leidylin Contreras explained that there is increasingly further development of the arbitration institution. “I think, in fact, the activity we are in is an example of that,” he said.
He detailed the intention of young lawyers to be part of the arbitration. “The Dispute Resolution Center of the Chamber of Commerce and Production of Santo Domingo has a important leadership along with the different actors, practitioners, arbitrators, academics.” And, regarding the level of knowledge, he maintained that there are very good, well-prepared lawyers who have participated in various local and international processes.
