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Primary Document  
Title: Olivos Protocol for the Settlement of Disputes in MERCOSUR
Alternative Title(s): Olivos Protocol (MERCOSUR)
Southern Cone Market (MERCOSUR): The Olivos Protocol
Available From: http://www.mercosur.int/msweb/portal%20intermediario/es/index.htm
http://www.sice.oas.org/Trade/MRCSR/olivos/polivos_p.asp
Conclusion Date: 2002-02-18
Entry Into Force Date: 2004-02-10
Description: As noted by Professor Welber Barral, (42 ILM 1), the Olivos Protocol sets forth a dispute settlement system under MERCOSUR which revokes the Protocol of Brasilia (36 ILM 3 (1997)). The Olivos Protocol provides that dispute settlement shall be in the form of negotiation and arbitration, rather than in the form of a supranational tribunal. Parties who wish to bring claims under the Olivos Protocol must wait for their national governments to espouse their claims before an arbitral tribunal. There is a Permanent Court of Review which can review the decisions of ad hoc arbitral tribunals.
The OAS web site provides a link to the text of the Olivos Protocol in Spanish and in Portuguese. An English translation is available in 42 ILM 2 (2003).
Legal Citation: 42 ILM 2 (2003)
EISIL Categories: Home > International Organizations > Regional Organizations > Americas & the Caribbean > Southern Common Market (MERCOSUR)
Home > International Dispute Settlement > Economic Law > MERCOSUR
Keywords: arbitration
regional economic integration
trade
Language(s): English
Portuguese
Spanish
Document Creator: MERCOSUR
Site Administrator: OAS-SICE
sice@sice.oas.org


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