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Alternate mechanism for the solution
of conflicts to which the parties may submit by common agreement
any existing or future controversy subject to transaction, to be
solved by an Arbitration Court. Arbitration awards issued by arbitration
courts are unappealable.. The validity and effectiveness of an arbitration
process is categorical and its decision is not subject to any appeal.
To render arbitration effective, the contract made between the parties
must include an arbitration clause stating the parties’ willingness
to submit controversies to the Arbitration and Mediation Center
of the Ecuadorian American Chamber of Commerce Arbitration Court.
Arbitration is available both to EACC members and nonmembers.
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