The New York Convention 1958 and Panama Convention 1975: Redundancy or Compatibility?

The traditional hostilty towards arbitration and, in particular, international arbitration in Latin America appears to be on the wane. A new trend was heralded by the Inter-American Convention on International Commercial Arbitration, which was adopted by the Governments of the Member States of the Organisation of American States (OAS) in Panama on 30 Januari 1975 (the 'Panama Convention').

The Panama Convention came into effect on 16 June 1976 and has been adhered to by some 11 Latin American countries.
Ratification is apparently pending in the United States, where the proposed implementing legislation would consist of a new chapter of Title 9 (Arbitration) of the United States Code