International Arbitration in Brazil
Introduction
International arbitration in Brazil is a preferred method for resolving cross-border commercial disputes. The legal framework ensures that Brazil is a reliable seat for international arbitration.
Recognition and Enforcement of Awards
Brazil is a signatory to the New York Convention. Courts adopt a pro-enforcement approach, recognizing and enforcing foreign arbitral awards unless limited grounds for refusal under Article V of the Convention are established.
Arbitral Institutions
The CAM-CCBC (Mediation and Arbitration Center of the Chamber of Commerce Brazil-Canada) is a leading institution.
Interim Measures
Courts and arbitral tribunals may grant interim measures in support of arbitration. These include asset preservation orders, security for costs, and orders to maintain the status quo.
Conclusion
International arbitration in Brazil benefits from a supportive legal framework and respected arbitral institutions, making it an attractive seat for cross-border dispute resolution.