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NYIAC News

Just in: New York International Arbitration Center and CiArb NY Branch Announce Launch of New York Arbitration Week on November 19-22, 2019.

September 23, 2019

View the official New York Arbitration Week website at https://nyarbitrationweek.com/.  Read NYIAC’s full Press Release here.

New York Rises as the Site for International Arbitration.

September 23, 2019

Read NYIAC’s full Press Release here.

The Daesang Decision: New York’s Manifestly Misunderstood Law on Vacating Awards, ICC Dispute Resolution Bulletin© 2019, International Chamber of Commerce (ICC). Reproduced with kind permission of ICC. For more information, please visit the ICC Store (here) and the ICC Digital Library (here).

September 23, 2019

Read the full Extract here.

New York’s International Arbitration Center Hosts Welcome Reception for Commercial Division’s New International Arbitration Justice.

September 23, 2019

Read the full Press Release here.

The New York City Bar Association Presents Report on Legislation by the Arbitration Committee, International Commercial Disputes Committee, and Insurance Committee: Recommendations Concerning Pending Legislation to Ensure New York Continues to Support Long Established Practices of Business-to-Business Arbitration Proceedings

September 23, 2019

The New York City Bar Association issued a report this month concerning proposed New York State legislation intended to protect consumers and employees in arbitration. The City Bar urged the legislature to concentrate its efforts on due process protections that are already in place for arbitrations administered by the major arbitral institutions. Read the full report here.

In Memory of Our Beloved Judge Kaye:

September 23, 2019

Judith S. Kaye in Her Own Words: Reflections on Life and the Law, with Selected Judicial Opinions and Articles
Edited by Henry M. Greenberg, Luisa M. Kaye, Marilyn Marcus, and Albert M. Rosenblatt. Read more here.

Contemplating the Larger Than Life Impact Judith Kaye Had on NY Courts
Read more here.

Global Arbitration Review (GAR) and the Chartered Institute of Arbitrators (CIArb) benchmarking Seat Index

September 23, 2019

New York is highlighted as a popular, leading global seat for arbitration, with discussion of NYIAC’s “high-quality dedicated hearing facilities” and “frequent arbitration programs.” Find out more here.

Annual Update 2016-2017 launched!

February 22, 2018

Why are your clients choosing New York as arbitral seat? Who are you most likely to run into at NYIAC hearings? How can you stay up to date on New York case law on international arbitration? Answers to these questions and more are in NYIAC’s 2016-2017 Annual Update.


Read the full Update here.

New York Tops Popularity Ranking as Seat for International Arbitration

May 5, 2016

NEW YORK, May 5, 2016 – New York continues to be the leading venue for international arbitration in the United States under the auspices of the International Court of Arbitration of the International Chamber of Commerce (“ICC”), which grew significantly in the Americas in 2015.

The ICC Secretariat registered 801 new cases in 2015, involving 2,283 parties. According to the ICC’s most recent statistical report, “The numbers of both US and Canadian parties rose to record levels in 2015. … In the two full years since [the New York office of the ICC] has been operational, the numbers of parties from North America involved in ICC arbitration has risen by 30%. The same period has also seen a 40% rise in the number of parties from Latin America.” (In ICC Dispute Resolution Bulletin Vol. 26, No. 1, available at http://www.iccwbo.org/Products-and-Services/Arbitration-and-ADR/Arbitration/Introduction-to-ICC-Arbitration/Statistics/.)

The United States as a whole achieved an important benchmark in 2015, surpassing the United Kingdom in number of new ICC cases. The U.S. became the third most frequently chosen country for the seat of ICC arbitration, after France and Switzerland. Of the 60 new ICC cases seated in the U.S., the greatest number were located in New York (28 cases), with the remainder scattered among Florida (11), California (9), Texas (6), Missouri (2), Washington DC (2), North Carolina (1) and Ohio (1).  New York thus is the scene of close to half of all ICC arbitrations in the U.S., far outranking all other U.S. Cities.

New York City also displaced Zurich to rank as the fifth most popular city for international arbitration, after Paris, London, Geneva and Singapore. New York International Arbitration Center (“NYIAC”) Chair James H. Carter, Senior Counsel at WilmerHale LLP, stated, “Parties worldwide recognize the benefits of locating their international arbitrations in New York, among which are the application of international (rather than local U.S.) standards in matters such as pre-hearing disclosure and the New York courts’ support of the arbitral process.” NYIAC has recently launched a public database of New York court decisions on international arbitration, freely available at http://nyiac.org/case-law-library/.

New York law was most frequently chosen as governing law, by a large margin, in international arbitration cases in which parties chose U.S. laws to govern their disputes. NYIAC Executive Director, Alexandra Dosman, said, “Parties look to the stability and predictability of New York law as a gold standard for rules to govern their contractual disputes.”

To learn more about international arbitration in New York, contact NYIAC Executive Director Alexandra Dosman at or 917.300.9550.

Download Press Release

Founding Chair Judith S. Kaye

January 8, 2016

Judith Kaye

The directors and members of the New York International Arbitration Center deeply mourn the passing of our Founding Chair, the Hon. Judith S. Kaye, former Chief Judge of the New York State Court of Appeals. We were privileged to have her take on the leadership of the Center. She brought it from a concept to a reality and led it with her inimitable warmth, grace, and humor. Her legacy will honor her memory. Source

The New York Times

The Wall Street Journal

New York Law Journal

Huffington Post

Observer

Times Union

See Also:

Judith S. Kaye in Her Own Words: Reflections on Life and the Law, with Selected Judicial Opinions and Articles
June 2019
http://www.sunypress.edu/p-6729-judith-s-kaye-in-her-own-words.aspx

Contemplating the Larger Than Life Impact Judith Kaye Had on NY Courts
May 29, 2019
https://gallery.mailchimp.com/95f3ab83655de165578b57965/files/53630bc5-6636-44e6-ba52-0b1efc99d7b4/NYLJ_JSK_Book_Article_5_29_2019.pdf