Brazil, Commercial Arbitration, Enforcement, Latin America, Recognition and enforcement of arbitral award
Recognition of Foreign Arbitral Awards in Brazil: The Abengoa Decision One Year On
For the past few years, Brazil has gained recognition as an “arbitration-friendly” seat when it comes to the enforcement of foreign arbitral awards. However, last year, in a groundbreaking decision, the Brazilian Superior Court of Justice (in Portuguese, “Superior Tribunal de Justiça” or “STJ”) denied recognition of two US arbitral awards. Abengoa has appealed from…