The Huelva Chamber of Commerce and the Spanish Chamber have signed a memorandum to strengthen arbitration as an alternative to courts. The agreement was concluded during an event held at the Coworking Digital La Nao.
The Huelva Chamber of Commerce signed a Memorandum of Understanding with the Spanish Chamber of Commerce on Wednesday to promote institutional arbitration as an alternative to courts for resolving disputes between companies. The agreement was finalised during the event ‘Institutional Arbitration: Confidentiality, Speed and Trust for Businesses’, held at the Coworking Digital La Nao, as reported by Diario de Huelva.
The president of the Huelva Chamber, Daniel Toscano, argued that the aim is for companies to be aware that there are alternatives to judicial procedures when a dispute arises. In his view, institutional arbitration offers a professional, specialised, confidential and agile procedure, as well as providing legal certainty to the parties involved.
During the event, the bodies responsible for the arbitration activities of the institution were also renewed, with the swearing-in of the new members of the Superior Arbitration Council and the Arbitration Court of the Huelva Chamber of Commerce.
The Secretary General of the Spanish Chamber of Commerce and the Spanish Arbitration Court, Adolfo Díaz-Ambrona, warned that a prolonged dispute can generate legal costs, consume internal resources, immobilise financial amounts, and hinder decision-making, as well as affect commercial relationships. He advocated for the need to promote a greater culture of contractual planning among companies and to include clear arbitration clauses in contracts.
The event was attended by the president of the Huelva Provincial Council, David Toscano, and the Deputy Mayor for Economy and Finance of the Huelva City Council, Francisco Muñoz, who agreed on the importance of providing entrepreneurs with tools that offer security and agility.
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