NYIAC Recognizes NYC as Leader in International Arbitration
October 4, 2021-
The New York International Arbitration Center’s (NYIAC) press release on September 21st confirmed New York City as a leader in International Arbitration and solidified the city’s growth in the area.
The International Court of Arbitration of the International Chamber of Commerce (ICC) released statistics showing a marked increase in the number of new US arbitration appointments, up from 107 in 2019 to 153 appointees this year alone. Their data also show of 929 new cases involving 2,507 parties, 25% were from the Americas.
Behind only UK nationals, US citizens were the second highest selected group of arbitrators, consisting of a diverse group of individuals experienced in solving both US and international disputes. Of 88 cases seated in the US, 49 took place in New York City, affirming the importance of the New York chapter of the ICC and the NYIAC.
To read the full press release and learn more about the NYIAC, click here.
To learn how AC-Counsel can help you with matters of International Arbitration, click here.
