Legal tip 475. More arbitration and better european small claims in Spain
14 March 2011 @ 18:18
Spanish Congress has just approved the project for the reform of the Arbitration Act.
It has also approved a new text for our Civil Procedure Act in order to make easier in Spain the european small claims.
These two acts need to be discussed now in the Senate.
The purpose of the Arbitration Act is to reduce Courts workload and to bring speed and conformity to the arbitrors´decissions. This reform aims to foster the use of arbitration and to reinforce the internatinoal position of Spain as arbitration Court, mostly in relation to latinamerican countries.
The reform for the european small claims procedure will be of special interest for commercial transactions for small and medium companies.The project wants to rise from 900 € to 2000€ the amount which do not require a lawyer and a Procurator.
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