Publication of new arbitration rules of the Mexican Arbitration Center (CAM)

In December 2022, the Mexican Arbitration Center (“CAM”) published its new arbitration rules, available for consultation here.

The Rules added novel aspects, putting themselves at the forefront for the resolution of commercial disputes.

One of the central points is innovation in the use of technologies. The possibility of sending communications by electronic means and holding hearings under a hybrid or completely remote scheme is now expressly provided for.

Another important point is in relation to the precautionary measures. Arbitration Tribunals are granted the power to preliminarily order the parties to maintain matters as they are, until the merits of the request for a precautionary measure are resolved.

The Rules also now provide for an obligation on the parties to disclose the existence of financing agreements (Third Party Funding). In addition, the application of the principles of impartiality and independence of the Arbitration Tribunal.

Finally, the new Rules provide for simplified arbitration, which involves an abbreviated process for cases whose value is less than 3 million pesos.