General Arbitration Law
By Ulises Alb. Morlas
The Dominican Republic recently enacted the General Arbitration Law, which was passed by the Congress as a way to solve the redress of grievance within commercial relationship; including labor, industrial, commerce and sell of goods, its main goal is to conduct the economics power through a way other than judicial system, which is been characterized by its burdensome, slowness and ineffectiveness to wield solutions among businessmen.
Alternative dispute solution was foster by No Governmental Organizations such as CONEP, FINJUS and ANJE, which are very confident about its implementation and said that the enactment of the General Arbitration Law, will create a framework that surmount hampers and reduce constraints to the economic activity mainly investment and entrepreneur in the country while setting a consistent environment to do business, diminishing burdens to the enforcement of verdict and upraise of commercial relationships.
Now, its implementation faces tend to undermine its target through the election by some groups of less indicates judges who will integrate the Arbitration Tribunal, which are likely to be people recognized by its integrity, morality and knowledge of the commercial affairs, who are also called to fulfill some flaws of the law itself, malfunctions within the business culture in the country and thus cut down the economic gap of others countries in the Caribbean region.
This law complements a new order in business relations in this third world country, bonded with Antitrust law, Monetary code, general law of commercial societies and intellectual property law, which are correlated in a up-to-down effort to elevate institutionalization private and public relations on the commerce ambient.