With which jurisdictions does this country have reciprocal arrangements for enforcement of judgments?
Bolivian Accord 1911:
Ecuador, Bolivia, Peru, Colombia, Venezuela
Montevideo Convention 1979:
Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, Venezuela.
If there is no reciprocal arrangement, is it still possible to enforce a foreign judgment by means of a writ on the judgment, declaration of enforceability or similar mechanism?
Yes, enforcement of foreign judgments requires a prior declaratory judgment (exequatur) from the Supreme Court following the procedure established by law in which compliance with specific requirements is examined. Once exequatur is granted, a petition for enforcement can then be filed with an enforcement court.
What is the approximate time required to register and enforce a foreign judgment if unopposed?
Not less than two years.
What is the approximate time required to register and enforce a foreign judgment if opposed?
It is difficult to anticipate, but several years will pass until enforcement is completed.
What is the approximate cost of registering and enforcing a foreign judgment (including court fees and other disbursements) if unopposed?
Not less than USD 70,000.