The International Court of Arbitration of the International Chamber of Commerce (ICC) announced the establishment of a case management team in Sao Paulo, Brazil.
The project was formally approved in October 2016, paving the way for the Court to establish a team responsible to handle Brazilian domestic cases, or cases which present a strong connection with Brazil.
The launch marks the ICC Court’s fourth international outpost after Singapore, New York and Shanghai. The Sao Paulo office will run in conjunction with the ICC Court Secretariat’s Iberian/Latin American team that will remain based at ICC Headquarters in Paris.
According to ICC Dispute Resolution Statistics, Brazil ranks third in the top-ten list of countries with most the parties involved in ICC Arbitrations, accounting for close to 30% of all parties in the Latin American and Caribbean region in 2016.
ICC Court President Alexis Mourre said: “The augmented presence of the Court Secretariat in Sao Paulo is a direct response to an ever expanding Latin American arbitration market and a continuation of our efforts to bring ICC Arbitration services even closer to users in Latin America and beyond.”