An Examination of the Law and Practice of International Commercial Arbitration in Brazil

Abstract

This article focuses on the legal framework of international commercial arbitration in Brazil. It provides an examination of the changes introduced by the Brazilian Arbitration Law, the international conventions ratified by Brazil and the case law that is being developed in the country in relation to arbitration. Brazil used to be known for its remarkable hostility towards arbitration; however, this is no longer the case. The legal framework of international commercial arbitration in Brazil has gradually changed since the 1990s, when Brazil approved a modern arbitration law. Since then, several steps have been taken to enable Brazil to become a real player in the international arbitration ‘field’.