Wagner-Arbitration

Enforcing arbitral awards in El Salvador

El Salvador is not a popular destination for international arbitrations. The Mediation, Conciliation and Arbitration Law of El Salvador is not based on the current version of the UNICTRAL Model Law.

However, this may all change in the near future with the planned approval of a new arbitration act that aims to develop El Salvador into a hub for international commercial arbitrations in the region.

The planned new arbitration act is envisaged to be part of a strategy of the country to attract foreign investments, which comes alongside the recent approval of Bitcoin as a legal tender and of a law that exempts investors in the technology sector from the payment of taxes.

Legal framework

Jurisdiction & procedure before court

Formal and practical requirements

Substantial requirements

Effects, remedies & procedural requests

Autor:in

Petrit
Petrit Elshani, LL.M.
Petrit Elshani studied law in Prishtina and Berlin. He is admitted to the Kosovo Bar Association as an attorney, and a member of the Berlin Bar Association (§206 BRAO). Mr. Elshani’s practice focuses on commercial and investment arbitration. He also advises in the German-Albanian legal and business realm.
Feel free to visit his profile or contact him directly:
030 225 027 600

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Laura_230613-4464-HR
Laura Halonen

Laura Halonen has been a Solicitor of the Supreme Court of England and Wales since 2005. Prior to joining WAGNER Arbitration in 2019, she worked for over a decade for leading international law firms in London, Paris and Geneva (where she was a member of the local bar as a foreign lawyer).

Feel free to visit her profile or contact her directly:


030 225 027 600

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Tanya Verma

Tanya Verma is an Indian qualified lawyer currently pursuing a Master’s degree in International Dispute Resolution at Humboldt-Universität zu Berlin. She obtained a degree in Bachelor of Business Administration and Legislative Law from a renowned university in India. During her five-year tenure in law school, Tanya had the opportunity to intern under esteemed designated Senior Advocates and King’s Counsel (previously Queen’s counsel), where she gained insight into arbitration matters. Thereafter, she joined a law firm in New Delhi, where she worked on matters pertaining to commercial domestic arbitration and argued final hearing matters before the Honorable Supreme Court of India.

While pursuing her bachelor’s degree in law, Tanya also joined the Goethe Institute in India to learn German.

Tanya is proficient in English and Hindi and is furthering her German language skills.

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Über Wagner Arbitration

Unsere Kanzlei hat ihren Sitz in Berlin und ist auf gerichtliche und außergerichtliche Streitbeilegung mit Schwerpunkt Schiedsgerichtsbarkeit spezialisiert. Eine weitere Kernkompetenz ist die Beratung im nationalen und internationalen Wirtschaftsrecht.

Disclaimer

This Journal and its contents serve informational purposes only and do not replace individual legal advice. Please contact us, should you have any inquiries or comments.

The answers provided in this questionnaire are as of July 2023. Please note that the relevant legal provisions may be subject to amendments.