The Legal Framework for Arbitration in Costa Rica
 

General Information:

• UNCITRAL Model-Law based: No.
• Legal Provisions: Law No. 7727 of 1997 on Alternate Conflict Resolution and the Promotion of Social Peace (Ley No 7727 Resolución Alterna de Conflictos y Promoción de la Paz Social).
• The English translation is available on the website of the International Centre for Conciliation and Arbitration.

Multilateral conventions:

• New York Convention: Yes (ratification/accession: 26 October 1987); reservations: none.
• European Convention: No.
• ICSID Convention: Yes (ratification/accession: 27 April 1993); reservations: on 27 April 1993, Costa Rica notified the Centre that there may only be recourse to arbitration pursuant to the Convention where all existing administrative or judicial remedies have been exhausted.
• Energy Charter Treaty: No.

Arbitral institutions:

• International Centre for Conciliation and Arbitration