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| Home > International Organizations > Regional Organizations > Americas & the Caribbean > Southern Common Market (MERCOSUR) |
| 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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