Brian Farkas, an associate at Goetz Fitzpatrick, has published an article in the American Bar Association’s Litigation Journal on New York City’s recent efforts to expand its role as a host of international arbitrations. “New York: A New Home for International Arbitration?” appears in the Summer 2014 issue of the Journal, the flagship magazine of the ABA’s 60,000-member Section of Litigation.
Compared to other international jurisdictions like Hong Kong and London, New York has traditionally faced stereotypes that arbitrations would be bogged down by lengthy discovery and “American-style” litigation tactics. Consequently, parties often try to hold their arbitrations in other jurisdictions. The article challenges these stereotypes, describing several recent efforts by both the private and public sectors to make New York more desirable as a host. These include the appointment of a dedicated New York Supreme Court judge to hear disputes arising from international arbitrations, as well as the establishment of the New York International Arbitration Center in midtown Manhattan.