VenAmChan’s thematic competition aims to promote the use of the Blockchain in future editions

The Business Center for Conciliation and Arbitration CEDCA, of VenAmCham, announced the launch of what would be the first edition of the „International Simulation of Mediation and Arbitration (SIDMA)“. This is a competition where university students in the field of law and related subjects will be able to train and learn about alternative dispute resolution mechanisms.

SIDMA is a competition created by the Business Center for Conciliation and Arbitration (CEDCA) located in Caracas, Venezuela. All this is with the aim of promoting knowledge, research and practice on negotiation, mediation and arbitration in students of these careers.

One of the main characteristics of the activity is that it is a thematic Bitcoin Revolution competition, so that in future editions it is expected to cover various subjects such as blockchain technology, as well as fashion law, environmental law, maritime law, insurance, construction, among others.

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But, always, framed in the commercial field. Which can be solved in mediation or arbitration, even making a staggered use of the mechanisms.

What is CEDCA?
CEDCA is a non-profit civil association, which was founded in 1999. It is dedicated to promoting conciliation and arbitration as alternative methods for the economic and effective resolution of commercial disputes, within the framework of national and international law.

CEDCA is also an independent center, linked to the Venezuelan-American Chamber of Commerce and Industry (VenAmCham), to which individuals or legal entities, public or private, can turn to solve their commercial conflicts.

This competence mentioned above, seeks that the participants carry out works that include a legal analysis and very especially that it is practical. In this way, they will be able to create and develop skills for the resolution of conflicts in different areas, but mainly in the commercial field.

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SIDMA Arbitration Competition
In this context, the simulation is developed around a fictitious case and is structured in three stages: The first is the writing of a brief to clarify doubts about the case. The second stage is the drafting of a brief containing the pleadings and claims on behalf of each party to the case, i.e. the plaintiff and the defendant. And the third, the participation in oral hearings where the teams must defend the content of their writings.

The manner in which the simulation will be developed, as well as the date of delivery of the briefs and the conduct of the hearings will be announced through the electronic media that CEDCA considers, such as: the website and social networks of the competition.