MOU Signed by Próspera Arbitration Center and the Arbitration and Conciliation Center of the Chamber of Commerce and Industries of Atlántida

February 16, 2023

PRÓSPERA ZEDE, ROATÁN, IB, HN - Today, the Próspera Arbitration Center (PAC) announced reaching an agreement to collaborate with the Arbitration and Conciliation Center of the Chamber of Commerce and Industries of Atlántida (CCA-CCIA) to strengthen Alternative Dispute Resolution (ADR) in Honduras.

“The agreement promises to expand access to justice for Hondurans and international investors alike,” said PAC Appellate Arbiter John Pelander, former Arizona (USA) Supreme Court Justice.

PAC Chief Legal Officer and Honduran Notary Leonidas Rosa further explained, “Through this agreement, increasing numbers of attorneys and arbiters from Honduras and around the world will become familiar with the practice of dispute resolution in Honduras, in both the Próspera special economic zone and the department of Atlántida.”

The Memorandum of Understanding between the PAC and CCA-CCIA commits both organizations to jointly promote the use of ADR to resolve disputes in their respective jurisdictions.

“We believe that this collaboration will strengthen our efforts in the field of arbitration and mediation and will allow us to provide a better service to our clients,” observed PAC Interim CEO and Honduran Attorney Alberto Hernandez Franks.

More specifically, the agreement promises that the two arbitration centers will:

  • Carry out training programs and exchange of ideas and opinions aimed at the staff of each one. Through this collaboration, we hope to improve our skills and knowledge in the field of arbitration and mediation;
  • Jointly explore additional areas of collaboration, which could include the co-organization of conferences, seminars, and workshops on domestic and international arbitration in Honduras. We also hope to invite key members of our respective arbitration communities to attend and participate in the main events organized by both institutions.

“The PAC looks forward to working together with the CCA-CCIA,” said PAC Senior Arbiter John Gemmill, former Chief Judge, Arizona (USA) Court of Appeals.

For more information, please contact:

Prospera Arbitration Center

T: +504 9486 8057

E: legal@pac.hn

W: www.pac.hn

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