Latin Chamber of Commerce of the United States
Cámara de Comercio Latina de los Estados Unidos (CAMACOL)
Miami International Arbitration Center (MIAC)
MIAC-CAMACOL
If the parties intend for the MIAC Ordinary Arbitration Rules (“Rules” or “Regulations”) to apply to their disputes, they may consider including the following clause in their contracts:
“Any dispute, controversy, or claim arising out of or relating to this contract, including any question regarding its existence, validity, interpretation, performance, or termination, shall be finally settled by arbitration administered by the Miami International Arbitration Center (MIAC) of the Latin Chamber of Commerce of the United States (CAMACOL) —(MIAC CAMACOL)— in accordance with its Ordinary Arbitration Rules in force at the time the request for arbitration is filed.
The choice of MIAC-CAMACOL as the administering institution implies the acceptance and application of its Operational Rules, its Ordinary Arbitration Rules, their exhibits, and its Code of Ethics.”
Parties may consider using the following draft clause, regardless of the amount in dispute, in order to agree on the application of the Expedited Arbitration Proceeding Rules:
“Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be determined by arbitration administered by the Miami International Arbitration Center (MIAC-CAMACOL) in accordance with its Expedited Arbitration Proceeding Rules”.