Sectors of international arbitration disputes

According to Article 59 of Law 1563 of 2012, amicable settlement is an alternative dispute resolution mechanism through which two or more private individuals, a private individual and one or more public entities, or several public entities, delegate to a third party—known as an amicable settler—the authority to resolve, with binding effect on the parties, a contractual dispute over which the parties have full discretion.

This mechanism is distinguished by its unique nature: the conciliator has no judicial authority and does not act as a mediator, but rather as an agent of the parties who makes a decision based on evidence. Thus, this process combines the flexibility of mediation with the res judicata effect of domestic arbitration.

About the Dashboard

To ensure transparency and facilitate analysis of this service, the Arbitration and Conciliation Center provides the following interactive dashboard. Through this tool, users can track the status of requests in two ways:

• Case Profile: Allows users to explore historical case volumes and identify the most common subject matters. It also facilitates a detailed analysis of participation based on annual trends, the current status of cases, the procedural stage of the process, and the closure phase of the proceedings.

• Processing Times: Provides an analysis of the operational efficiency of the process, highlighting the average number of days required to reach key procedural milestones, such as the official opening and final closure of the case