Annulment, Arbitration, Brazil, Brazilian Arbitration Act, Set aside an arbitral award

(BMA - Barbosa, Müssnich & Aragão Advogados)/ /1 Comment

As most arbitration laws, the Brazilian Arbitration Act (Law n. 9307/1996; “BAL”) establishes a short deadline for any interested party to seek annulment of an arbitral award in court. The interested party has a 90-day period as from (i) notice of the partial or final arbitral award or (ii) the decision on a motion for clarification…

Anti-arbitration, Anti-suit injunction, Arbitration, Brazil, Domestic Courts, Interim Orders, Jurisdiction

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Do international arbitrators have the power to overturn interim measures granted by a Brazilian court? Do Brazilian courts have the power to stay international arbitrations? A recent decision rendered in the Petroplus Sul Comércio Exterior S.A. (“Petroplus”) et al. v. First Brands do Brasil Ltda. et al. (“First Brands”) dispute has just provided its answer…