Choose New York Law For International Commercial Transactions
The New York State Bar Association and NYIAC publish a brochure on New York Law, presenting a clear and comprehensive guide for the global business community.
The project was led by the Dispute Resolution Section’s IDR Committee, co-chaired by John Fellas and Richard Mattiaccio, with significant contributions from several NYIAC board and individual members.
New York Contract Law:
A Guide For Non-New York Attorneys
Written by Glen Banks, Esq., a recognized authority on contract law with more than 35 years’ experience, this book is presented in an easy-to-read question-and-answer format to allow easy access to a wide array of topics. For more information, visit this link.
NYIAC featured in The New York Times
In a Dealbook article, reporter Elizabeth Olson writes:
“…New York has long been a major site for global arbitration proceedings because its contract law is predictable and does not allow for appeals on specious grounds.
Proprietary research for the New York State Bar association projected that an increase of 10 to 20 percent in such proceedings in the city could add as much as $400 million annually to law firm coffers.
[…] New York is also burnishing its arbitration credentials. Last year, the New York International Arbitration Center opened in Manhattan, as a space where arbitrators can hold hearings to examine the facts and settle cross-border grievances. Some 37 law firms funded the site.
The center, which celebrated its first anniversary in June, has hosted some 20 hearings so far. Most involved commercial arbitrations between two private parties involving issues such as oil and gas, construction and intellectual property, and one dispute arose from a bilateral investment treaty where investors could invoke arbitration in a dispute with governments and governmental entities.
The opening of an International Chamber of Commerce office in Manhattan this year is also likely to help funnel more cases to New York. Thus far, the cases filed increasingly involve parties from North America, said Alexandra Dosman, the center’s executive director, adding that this “reflects the importance of the American market, and that it’s growing.””
Read the article here.
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