Oct 24th 2017, 2:29:19
Latin American countries had traditionally rejected arbitration as a means of settling disputes citing the “Calvo Doctrine,” a widely-adopted, anti-interventionist doctrine formulated in the Nineteenth Century. This doctrine inspired widespread use of contractual clauses limiting legal redress for foreigners in domestic courts. For decades, Latin American used the doctrine to refuse ceding jurisdictional control to foreign or domestic arbitral tribunals. This isolation from international arbitration, however, would not last long.
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