New York is one of the most frequently selected venues for international arbitration in the world and the most popular city for arbitration in the United States. Parties choose to arbitrate in New York because it is a major global, commercial and cultural center, home to a vast pool of professionals with unparalleled expertise in the provision of dispute resolution services and in the business practices and commercial aspects of many businesses, has a well-developed and predictable commercial law, neutral courts with extensive experience in complex commercial disputes, a legal framework that embodies a strong policy in favor of international arbitration, and the infrastructure necessary to host any type of case.
New York’s robust arbitration culture is strengthened by the presence of leading arbitral institutions, excellent professional (legal) organizations with a focus on the field, and major universities with preeminent experts in international arbitration.
The choice of venue for the arbitration is important because the law of the venue determines many procedural matters, and courts located in the venue may be called upon to deal with a variety of issues ranging from interim relief to recognition and enforcement of the award. New York’s courts are experienced, neutral and supportive of international arbitration.
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