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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.”

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