Tuesday, September 16, 2014

Brazil is in the top four of ICC arbitration – by Nikolai Sosa Rebelo

The report from ICC of 2013 statistics is very important for Brazilian lawyers. One more time, we are confirming that arbitration is here to stay. It was not so long ago that Brazilian Courts were against this method of dispute resolution, but after a decision of Brazilian Supreme Court, the companies could finally adopt arbitration without fear of it being declared void by any court. Moreover, the growth of the using rate of this ADR in many different chambers is showing to the world that international players can sign contracts with Brazilian parties and they can trust that the arbitration clause will be respected. In conclusion, the numbers of one of the top centers of arbitration in the world (the ICC) demonstrate the new level of Brazilian arbitration Law.



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