Arbitral Award, Arbitral seat, Brazil, New York Convention, Recognition and enforcement of arbitral award
Brazilian Court Recognizes An Unreasoned New York Arbitral Award
On September 1, 2014, the Brazilian Superior Court of Justice (“STJ”) issued an important decision recognizing, for the first time, an unreasoned arbitral award in Newedge USA, LLC v. Manoel Fernando Garcia. Notwithstanding challenges to the recognition and enforcement on the grounds that the New York arbitral award purported violated Brazilian public policy due to…