As you know, arbitration in Brazil has become a reality. After several decades of being considered as the last frontier of international arbitration in Latin America, Brazil is now one the most important country in the practice of arbitration on this continent. The last years’ ICC International Arbitration Court statistics show the influential position of Brazil in Latin America.
However, does Brazil have the sufficient elements to become the natural choice for the Latin-American parties, as the place of arbitration? Brazil has a modern law (Law 9.307/96), it has ratified the 1958 New York Convention (in 2002) and in addition, the case law has been very consistent in ruling in favor of arbitration. Brazilian lawyers have been involved with arbitration proceedings as counsels and as arbitrators. What else does Brazil need to become one of the major players in the arbitration world?