Commercial Law and Dispute Resolution

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This project will help formulate commercial laws suited to the country's current economic development and providing greater incentives to the private sector. Other specific objectives are: review the arbitration and conciliation law in force and draft of a law on alternative dispute resolution; and establishment of an arbitration and conciliation center, as a pilot project that could be replicated in other parts of the country. The modernization of commercial law component will include a diagnostic study and review of commercial law, and training in the enforcement of the new law. The development of commercial dispute resolution mechanisms will include review of legislation on arbitration and conciliation center by the Chamber of Commerce and Industry of San Salvador. The executing agencies will be the technical executing unit of the justice, for the modernization of commercial law component; and the Chamber of Commerce and Industry of El Salvador, for the development of commercial dispute mechanism component.