Miami Surges as International Arbitration Hub, but NYC Undaunted

Miami Surges as International Arbitration Hub, but NYC Undaunted

June 5, 2018, The American Lawyer

Miguel López Forastier is quoted by The American Lawyer in an article regarding a recent report about the most popular venues for arbitration in the Americas. Commenting on Miami's strategy to become a more favorable venue, López Forastier says, "The practitioners have been engaged in a concerted effort to market the place as a city that is good to arbitrate a dispute."

However, López Forastier is cautious, noting the jurisprudence still trails behind New York. “That is a sine qua non for the process to thrive. You seat an arbitration in a destination not because it is a nice place to stay for three or four days but because of the rules,” he says. “If the courts are not willing to force you to arbitrate a dispute, than your arbitration agreement is worth nothing.”