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g) the judgment must be final or have the characteristic of res judicata in the State where it hasbeen rendered;h) it must not be manifestly contrary the principles and Acts of public order of the Staterequesting its acknowledgment or the execution;The procedures, including the jurisdiction of the respective judicial organs shall be regulated by the Actof the State in which execution is being requested to ensure the effectiveness of the judgments,arbitral awards and the foreign jurisdictional resolution.14. ARBITRATIONA) ARBITRATION IN PARAGUAY IS RULED BY ACT 1879/2002, ACT DRAFTED BASED ONTHE UNCITRAL MODEL OF THE ARBITRATION ACTB) THE INTER-AMERICAN CONVENTION ON INTERNATIONAL COMMERCIAL ARBITRATION– PANAMA, 1975.Paraguay is a signatory of the Panama Convention. The Convention was ratified by Act611/1976.C) THE UNITED NATIONS ON THE RECOGNITION AND ENFORCEMENT OF FOREIGNARBITRAL AWARDS – NEW YORK, 1958.Paraguay adopted the 1958 New York Convention. The Convention was ratified by Act948/1996.15. PRELIMINARY MEASURESThe Protocol of Preliminary Measures, ratified by Paraguay by means of the Act 619/1995, becameeffective on April 13, 1996 for MERCOSUR member countries.Article 3 of the Protocol namely states that: “Preparatory preliminary measures, incidental to aprincipal action and the ones that seek to guarantee the execution of a judgment, shall be admitted”.23Berkemeyer Attorneys and Counselors | Asunción - Paraguay

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