11 Mexico City

Subject(s):

UNCITRAL Model Law — Recognition and enforcement — Arbitral tribunals — Place of arbitration

This chapter evaluates the merits of Mexico as a venue for international arbitration proceedings. It discusses the history and development of arbitration in Mexico; the processes and rules involved as well as the role of courts in the conduct of arbitration proceedings; and rules for arbitral awards. It concludes that Mexico is an attractive venue to conduct arbitration because of its complete and exhaustive legal framework, coupled with the availability of effective judicial assistance. Mexican law is modern and supportive of arbitration. The numerous free trade agreements and bilateral investment treaties (BITs) entered into by Mexico establish international arbitration as the primary means of resolving disputes. The adoption of the United Nations Commission on International Trade Law (UNCITRAL) Model Law and ratification of the New York Convention had also made the judicial approach towards the recognition and enforcement of arbitral awards favorable.