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Radical change is evident in commercial arbitration in almost every Latin American jurisdiction. This text provides the lawyer, arbitrator, and businessperson with a thorough overview of the status of international arbitration in the region. It is a comprehensive review of commercial arbitration in major Latin American jurisdictions as well as notable developments in the use of arbitration mechanisms contained in bilateral and multilateral investments treaties and free trade agreements. The book provides not only a detailed analysis of the law, but also insight from local practitioners into the culture of arbitration and how the law is applied.