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Paraguay

Latin Arbitration Law Country Profile

Arbitration Law

  • Law No. 1879/02 for Arbitration and Mediation (the Paraguay Arbitration Law)  - 2002 (Eng.) (Sp.)

International Conventions

 

Signed

Entered into force

New York Convention 

8 Oct. 1997 

6 Jan. 1998 

Panama Convention 

24 Nov. 1976 

14 Jan. 1977 [1]

Montevideo Convention 

8 May 1979

5 July 1985 

ICSID Convention

27 Jul. 1981

6 Feb. 1983

Investment Protection Treaties

Bilateral Investment Treaties [2] [3]

Signed

Entered into force

Dispute Resolution Fora [4]

Argentina [5]

20 Jul. 1967 

3 Oct. 1969 

Not Available

Austria (Gr.

13 Nov. 1996 

22 July 1998 

[in German]

Belgium & Luxembourg (Fr.

6 Oct. 1992 

9 Jan. 2004 

Local courts
ICSID

Bolivia

3 May 2001/4 May 2001 [6]

4 Sept. 2003 [7]

ICSID

Ad hoc arbitration

Chile (Sp.

7 August 1995 

16 Sept. 1997 

Local courts

ICSID

Costa Rica (Sp.) 

29 January 1998

 

 

25 May 2001

Local courts

ICSID

ICSID Additional Facility Rules

UNCITRAL

Cuba [8]

20 Nov. 2000

6 Dec. 2002

Not available

Czech Republic (Eng.)

21 October 1998

 24 Mar. 2000

Local courts

ICSID

Ad hoc under UNCITRAL 

Ecuador (Sp.)

28 Jan. 1994

18 Sept. 1995 / Denounced in October 2008 

Local courts

ICSID [9]

Ad hoc under UNCITRAL

El Salvador [10]

30 Jan. 1998

8 Nov. 1998

Not available

France (Fr.)

30 Nov. 1978

1 Dec. 1980

ICSID

Germany (Sp.)

11 Aug. 1993

3 July 1998

Local courts
ICSID

Hungary (Eng.)

11 Aug. 1993

1 April 1995/1 Feb. 1995 [11]

Local courts
Ad hoc arbitration

Italy

15 July 1999

Not in force

N/A

Republic of Korea (Eng.)

22 Dec. 1992

6 Aug. 1993

Local courts

ICSID

Netherlands (Eng.)

29 Oct. 1992

1 Aug. 1994

Local courts

ICSID

Peru (Sp.)

31 Jan. 1994

12 Dec. 1994

Local courts

ICSID

UNCITRAL

Portugal (Sp.)

26 Nov. 1999

3 Nov. 2001

Local courts

ICSID

UNCITRAL

Romania [12]

21 May 1994

12 Apr. 1995 / 3 April. 1995 [13]

Not available

South Africa [14]

03 April 1974

16 Aug. 1974

Not available

Spain (Sp.)

11 Oct. 1993

22 Nov. 1996

Local courts

ICSID

ICC

Switzerland (Fr.)

31 Jan. 1992

28 Sept 1992

Local courts

ICSID

Taiwan Province of China

6 April 1992

11 Sept 1992 [15]

Not available

United Kingdom (Eng.)

4 Jun. 1981

23 Apr. 1992

ICSID

United States [16]

24 Sept. 1992

19 May 1993

Not available

Uruguay [17]

25 Mar. 1976

1 July 1976

Not available

Venezuela (Sp.) 

5 Sept. 1996

12 Nov. 1997

ICSID
UNCITRAL

Total

27

26/25

 

 

Free Trade Associations (signed as a member of MERCOSUR) [18]

Signed

Entered into force

MERCOSUR-Chile (Sp.)

25 Jun. 1996

1 Oct. 1996

MERCOSUR-Bolivia (Sp.)

17 Dec. 1996

28 Feb. 1997

MERCOSUR-Israel (Eng.)

18 Dec. 2007

24 March 2010

Framework Agreements

   

MERCOSUR-SACU (Sp.

15 Dec. 2000

 

MERCOSUR-Mexico (Sp.

5 July 2002

5 Jan. 2006

MERCOSUR-Andean Community (Sp.

6 Dec. 2002

 

MERCOSUR-India (Eng.)

25 Jan. 2004

1 June 2009

MERCOSUR- Colombia, Ecuador and Venezuela (Sp.)

18 Oct. 2004

19 April 2005

MERCOSUR-Peru (Esp.)

30 Nov. 2005

6 Feb. 2006

Total

9

9

 

Other Multilateral Associations

Signed

Entered into force

MERCOSUR

26 March 1991

6 Feb. 2006

World Trade Organization (Eng.)

1 Jan. 1995 [19]

1 Jan. 1995

Total

2

2

Arbitration Cases

ICSID Cases

 Decision and Awards

Date [20]

SGS Societe Generale de Surveillance S.A. v. Republic of Paraguay (ICSID Case No. ARB/07/29 Pending 27 May 2008 (Date Registered)
Bureau Veritas, Inspection, Valuation, Assessment and Control, BIVAC B.V. v. Republic of Paraguay (ICSID Case No. ARB/07/9) Pending March 10, 2008 (Date Registered)
Eudoro A. Olguin v. Republic of Paraguay (ICSID Case No. ARB/98/5)  Final Award (Eng.) (Sp.) 26 July 2001

Total Cases

3

Cases Per Year

 

AAA/ICDR [21]

ICC [22]

ICSID [16]

      Registered Concluded

2000

N/A

0

0

0

2001

N/A

0

0

1

2002

N/A

0

0

0

2003

N/A

0

0

0

2004

1

0

0

0

2005

N/A

1

0

0

2006

N/A

0

0

0

2007

N/A

0

2

0

2008

N/A

0

0

0

2009

N/A

0

0

0


Arbitral Institutions

Paraguay Arbitration and Mediation Center (Centro de Arbitraje y Mediacion Paraguay)

 

DISCLAIMER: USERS OF THIS SITE ARE RESPONSIBLE FOR VERIFYING THE INFORMATION CONTAINED IN EACH COUNTRY BRIEF, THESE MATERIALS MAY NOT REFLECT THE MOST CURRENT LEGAL DEVELOPMENTS OR DECISIONS.


 

[1] According to Article 10 of the Panama Convention, "[f]or each State ratifying . . . the Convention after the [Convention's entry into force,] the Convention shall enter into force on the thirtieth day after deposit by such State of its instrument of ratification."  Paraguay deposited its instrument of ratification on December 15, 1976 (information available at http://www.sice.org/dispute/comarb/intl_conv/caicpae.asp, last visited on April 15, 2010).

[2] Abbreviations: English = Eng.; French = Fr.; Spanish = Sp.

[3] Sources:  UNCTAD - Country-specific lists of BITs, available at http://www.unctadxi.org/templates/docsearch.aspx?id=779,  April 1, 2010; Organizacion de los Estados Americanos, Sistema de Informacion Sobre Comercio Exterior, available at http://www.sice.oas.org/ctyindex/PRY/PRYBITs_s.asp

[4] Local court refers to any competent tribunal or court in the territory of the contracting Party in which the investment is made.

[5] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan and Argentinean Ministry of Foreign Affairs' websites: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm; and http://www.mrecic.gov.ar/.

[6] Although signature date May 3, 2001 according to UNCTAD; May 4, 2001 according to Min. For. Affairs.

[7] According to Paraguay's Ministry of Foreign Affairs. Also, Bolivia's Ministry of Foreign Affairs lists a BIT with Paraguay, but that website only provides a signature date and registration date of the Treaty. UNCTAD mentions that is not in force. We will consider the BIT as in force.

[8] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan Ministry of Foreign Affairs' website: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm.

[9] On July 6, 2009, Ecuador denunciated the ICSID Convention. In accordance with Article 71 of the Convention, the denunciation took effect six months after the receipt of Ecuador's notice (on January 7, 2010). As of that date, Ecuador is no longer listed as member of the ICSID Convention.

[10] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan Ministry of Foreign Affairs' website: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm.

[11] Although April 1, 1995 is the entry into force date mentioned by UNCTAD, Paraguay's Ministry of Foreign Affairs mentions Feb. 2, 1995 as the entry into force date.

[12] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan Ministry of Foreign Affairs' website: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm.

[13] Although Apr. 12, 1995 is the entry into force date mentioned by UNCTAD, Paraguay's Ministry of Foreign Affairs mentions Apr, 3, 1995 as the entry into force date.

[14] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan Ministry of Foreign Affairs' website: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm.

[15] Although Sep. 11, 1992 is the entry into force date mentioned by UNCTAD, Paraguay's Ministry of Foreign Affairs mentions May 25, 2001 as the entry into force date.

[16] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan Ministry of Foreign Affairs' website: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm.

[17] Treaty not listed in UNCTAD Database.  Information on signing and ratification dates available on the Paraguayan and Argentinean Ministry of Foreign Affairs' websites: http://www.mre.gov.py/dependencias/tratados/tratados%20bilaterales/cuadro%20bilateral/inversiones.htm; and http://www.mrecic.gov.ar/.

[18] Source: OAS - SICE Foreign Trade Information System, available at http://www.sice.oas.org/ctyindex/PRY/PRYAgreements_s.asp#FTAs  last visited:   April 23, 2011

[19] Contracting Party to GATT 1947 since 6 January 1994

[20] Date the decision or award was rendered.

[21] Number of cases administered by the International Center for Dispute Resolution of the AAA with a party from [country].

[22] Number of  Parties from [country] involved in Arbitration cases under ICC Rules.

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