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IACAC
(redirected from Inter-American Commercial Arbitration Commission)

   Also found in: Financial 0.01 sec.
AcronymDefinition
IACACInter-American Commercial Arbitration Commission (American Arbitration Association)
IACACInternational Air Cargo Association of Chicago
IACACInternational Association of Civil Aviation Chaplains (Germany)
IACACIllinois Association for College Admission Counseling
IACACIowa Association for College Admission Counseling (Newton, IA)
IACACInter-American Anticorruption Convention


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117) The Panama Convention introduced an interesting innovation: when parties to an arbitration agreement have not selected procedural rules, the rules of the Inter-American Commercial Arbitration Commission will govern by default.
Inter-American Commercial Arbitration Commission (IACAV) See Rules of Procedure of the Inter-American Commercial Arbitration Commission, art.
The arbitration Panel, convened under the Inter-American Commercial Arbitration Commission, found that: the ownership of the sales force was a "valuable property right;" that ALICO misappropriated the sales force; and, that ALICO's actions in doing so were "wrongful and improper.
 
 
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