The Panama Olympic Committee (COP) and the Conciliation and Arbitration Center of the Panamanian Chamber of Commerce, Industries and Agriculture signed an agreement for the implementation of the Court of Arbitration for Sports in Panama (Tadpan).
The initiative, which is a project initiated by the COP in 2013, seeks to establish an “independent arbitration branch within the sports jurisdiction that allows effective, timely, specialized and accessible resolution of conflicts and disputes that may arise in the national sports movement”.
All this in accordance with the principles of good governance of the International Olympic Committee (IOC) and the COP’s own statutes, the sports branch said in a statement.
The president of the COP, Camilo Amado and the president of the Center for Conciliation and Arbitration of Panama (CECAP) of the Chamber of Commerce, Agriculture and Industries of Panama (CICIAP) César Tribaldos, signed the agreement.
The agreement, according to the COP, will provide an alternative center for the resolution of conflicts that will offer a “reliable, integral, impartial and highly professional” service, as well as education and training for professionals interested in resolving conflicts in the Sports field.
The Tadpan is scheduled to start operations from next August, with a series of tasks such as the formation of the Sports Arbitration Commission (CAD) and the appointment of the list of referees, among other actions “essential for its implementation.
"With the creation of Tadpan and the COP and CECAP Alliance, Panama continues to consolidate itself as an International Arbitration Center for the Latin American Region, now addressing sports disputes for the country and with great potential for expansion in the region," said an official statement”.
The sports branch stressed that Law 131 of 2013, which regulates arbitration in Panama, is a “modern, adequate and appropriate regulatory framework that guarantees a current regulation that provides legal security and confidence in the national arbitration system.”
He added that this goes hand in hand with CECAP’s recognized track record and long experience of over 20 years, “characterized by high credibility, reliability and expertise in the field, which will allow Tadpan to function optimally”.