Podcast - Executive Arbitration: Promises And Concerns

Executive arbitration offers several advantages, but it also raises concerns. In this episode of "A Lo Legal En Par Minutos," Partner Edwin Cortés and litigation attorney María Paula Zarco highlight the mechanism's benefits, such as its greater speed compared to executive proceedings through traditional legal procedures and the skill that arbitrators bring to the process. They also discuss the disadvantages of executive arbitration, including how costly it can be for the parties involved.

In addition, the attorneys explain new terms introduced in Colombia's Executive Arbitration Law — "open agreement" and "closed agreement" — as well as identify when the provision took effect.

Please note this podcast is in Spanish. We invite you to read along using the transcript below.