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Fernando Eduardo Serec, Antonio Marzagão Barbuto Neto
From: Choice of Venue in International Arbitration
Edited By: Michael Ostrove, Claudia Salomon, Bette Shifman
This chapter evaluates the merits of Sao Paulo as a venue for international arbitration proceedings. It discusses the history and development of arbitration in Brazil; the processes and rules involved as well as the role of courts in the conduct of arbitration proceedings; and rules for arbitral awards. IT concludes that Sao Paulo's status as Brazil's leading center for business and financial transactions makes it the perfect breeding ground for arbitration. From the creation of the first arbitration center in 1979, to the consolidation of an ‘arbitration culture’ by the relentless work of the local arbitration community, Sao Paulo remains Brazil's preferred venue for arbitral proceedings. The decisions by the local courts represent the most compelling evidence that Sao Paulo is comparable to other major international arbitration venues.