Credit: rabbit75_fot/Adobe Stock This City is Challenging New York's Claim as International Arbitration Hub For the U.S.
The city's historic ties to Latin America have laid the foundation and its current economic boom has made its case more compelling. Local law schools and the Florida Bar are also committed to building its reputation.
March 31, 2023 at 04:00 PM
6 minute read
The original version of this story was published on Daily Business Review
As the world continues relying on a globalized economy, Miami's identity as an international hub is only growing stronger, and international arbitration lawyers are only getting more bullish on its place as a venue for resolving global disputes.
Historically, New York has served as the U.S. hub for international arbitration, but Miami is now challenging that. For the first time ever, Miami surpassed New York with the amount of international arbitration cases seated there in 2021, according to American Arbitration Association data.
Although the trend reversed slightly to put New York in first place again last year, lawyers in the area and around the country are calculating that Miami has even more room to run.
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