Commercial Arbitration in Puerto Rico
Commercial Arbitration Commercial arbitration in Puerto Rico is generally based in contractual law. This implies that Arbitration agreements in Puerto Rico are constructed as contracts and agreements that allow parties to structure how to manage their contractual disputes using arbitrators functioning under specifically delegated powers. It is a widely used and preferred method of conflict resolution promoted by a strong national policy and enforced by federal and state laws. Leveraging the benefits of privacy, efficiency…