The Permanent Court of Arbitration, or also called the Permanent Court of Arbitration, is a jurisdictional and international body created in 1899 through the Peace Conference of The Hague, whose headquarters are in the city of the same name. It arises as a Court at the disposal of the States so that they can submit the conflicts that arise from international agreements, however it can resolve conflicts related between the States with private parties. Thus, the Convention for the Pacific Settlement of International Conflicts, in its article 15, provides that: "International arbitration has as its object the settlement of disputes between States by judges appointed by them and on the basis of respect for the law", equally Thus, Article 20 of the Convention establishes that: «In order to facilitate immediate recourse to arbitration for international disputes that have not been able to be settled through diplomatic channels, the signatory powers undertake to organize a permanent Court of arbitration, accessible at all times, and functioning, unless otherwise stipulated by the parties, in accordance with the procedural rules recorded in this Convention ", and in turn, Article 21 argues that:" The permanent Court shall be competent for all arbitration cases , unless there is no agreement between the parties for the establishment of a special jurisdiction. "