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Arbitration has traditionally been considered as the ideal way to settle commercial disputes. However, the court records of the House of Trade of Seville show the difficulties this form of resolution faced in practice. Arbiters required the intervention of formal courts to get their decisions enforced, which distorted the purpose of arbitration as an extrajudicial, simplified and low cost solution.

¿Quitarse de pleitos? Litigiosidad mercantil y práctica arbitral en la Carrera de Indias a finales del siglo XVI