(in commercial, civil and corporate matters)

Conventional arbitration is an adversarial procedure of awarding by a neutral person (independent and impartial) who holds its authority from the parties' agreement to entrust the solution of their dispute to an arbitrator, to the exclusion of the State Courts of Justice, and from their commitment to comply with the award of the Arbitration Tribunal.

It is a private dispute resolution process that runs parallel to State Courts of Justice.