It sounds like international arbitrators are taking a page out of Will Smith’s book (or at least one of his songs), because Miami has become the hot spot for alternative dispute resolution, according to Joseph Mamounas and Jose Ferrer in Bilzin Sumberg’s New Miami blog.

Miami is home to the Latin American headquarters for many multinational companies and is the worldwide base of at least five of the Fortune 500 corporations, according to Mamounas and Ferrer, making it a prime corporate locale. It will also host the 2014 International Council for Commercial Arbitration Congress. Besides being able to “party in the city where the heat is on,” parties can take to the local International Arbitration Court (IAC) to adjudicate disputes, only the second of such courts in all of the United States.

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