Argentina is a Federal Republic, which comprises 23 provinces

(political subdivision) and the Autonomous City of Buenos Aires. There

is no national legislation on arbitration. Each jurisdiction has its own

legislation on arbitration applied by its own courts. Arbitration is

considered a procedural matter and, consequently, the legislation

governing arbitration is contained in the respective Code of Civil and

Commercial Procedure of each provincial jurisdiction. In the case of the

Autonomous City of Buenos Aires and federal courts, arbitration is

governed by the Argentine Code of Civil and Commercial Procedure

(“CPCCN”) enacted by Law 17,454 of 20 September 1967 (as restated in

1981). The provisions regarding provisional remedies in arbitration

contained in the CPCCN are similar in nature to those contained in the

Code of Procedure of other provinces. In the foregoing, references will

often be made to provisions of the CPCCN.

 

Finally, it is also noteworthy that in the foregoing paragraphs

references will also be made to the arbitration rules of the General

Arbitration Tribunal of the Buenos Aires Stock Exchange (“Stock

Exchange”), which is the most used and prominent Permanent

Arbitration Panel often used when resorting to domestic arbitrations in

Argentina although it may also be used for international arbitrations as

well. However, the Arbitration Rules of the Stock Exchange will only

have effect when parties elect to have their arbitration conducted by the

General Arbitration Tribunal.