Why JAIAC

Why MICAM?

1. Regional presence with global support
2. Strategic geographic location being between north, central and south America
3. Easy to navigate international travel connections and gateways
4. Reliable telecommunication
5. Multi-lingual facilities for regional and international communication
6. Panel of experienced domestic and international arbitrators
7. Foreign lawyers are allowed to appear in arbitral proceedings
8. Fees are fixed with a structure that is very competitive
9. Developed new rules to cater to the growing demands of the global business community
10. Award made by the arbitral tribunal is final and binding

MICAM’s advantages

Speed

Awards are rendered within three months from date of final submission. Appointment of arbitrator is made within 48 hours of receipt of all necessary documents.

International Recognition

Jamaica is a signatory to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention), which enables MICAM’s arbitral awards to be enforceable in 157 countries. Furthermore, Jamaica has a sound legal framework that supports arbitration.

Costs

Arbitrations will usually cost less than court cases because the arbitration hearing is briefer, and the preparation work less demanding compared to litigation. For example, fees for the MICAM Fast Track Rules are capped and the duration for the proceedings is shorter. Cost of arbitral proceedings as well as other secondary costs, such as hotel, food & beverage, and transport in Jamaica are more competitive than in other countries in the region.

Services Offered 

• Promote international commercial arbitration in the Caribbean region
• Coordinate and assist capacity building and other arbitration activities in the Caribbean region as well as for mediation and other forms of ADR
• Render assistance in the conduct of ad hoc arbitrations and for ADR
• Assist in enforcement of arbitral awards
• Provide for arbitration under the auspices of MICAM
• Provide alternative options for the settlement of disputes such as mediation under the Mediation Rules of MICAM
• Appoints arbitrators, mediators, adjudicators, neutral evaluators for disputing parties when requested