Costa Rica Arbitration

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 Costa Rica Arbitration

Costa Rica is a contracting state to the ICSID Convention:

  • Signature: 29 September 1981
  • Deposit of Ratification: 27 April 1993
  • Entry into Force: 27 May 1993
  • On 27 April 1993, Costa Rica informed ICSID that "there may only be recourse to [the ICSID Convention] where all existing administrative or judicial remedies have been exhausted."
  • Pursuant to Article 13(1) of the ICSID Convention Costa Rica has made the following panel designations effective until 26 July 2016:
    - Dr. Rodrigo BARAHONA ISRAEL: Doctor and Professor of Law
    - Judge Thomas BUERGENTHAL (U.S.A. Nationality): Member, International Court of Justice; Former President, Inter-American Court of Human Rights
    - Mr. Rodrigo OREAMUNO: Former First Vice President of Costa Rica; Former Alternate Justice, Supreme Court of Justice of Costa Rica
    - Mr. Oscar Solcy SOLER

Costa Rica is a contracting state to the New York Convention:

  • Signature: 10 June 1958
  • Deposit of Ratification: 26 October 1987
  • Entry into Force: 24 January 1988 

In 2011, Costa Rica enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as amended in 2006 and is therefore now popularly considered to be an UNCITRAL Model Law State

Costa Rica is a Contracting State to the 1907 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: 20 July 1999

Costa Rica is a United Nations Member State:

  • Date of Admission: 2 November 1945

Official State Name: Republic of Costa Rica - República de Costa Rica

Official Language: Spanish

Recognised Regional Languages: Mekatelyu, Bribri

Capital: San José

Motto: "Vivan siempre el trabajo y la paz" (Spanish) "Long live work and peace"

Currency: Costa Rican colón (CRC)

Time Zone: CTZ (UTC-6)

International Calling Code: +506

Internet TLD: .cr


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