In 2023, ICC Arbitration involved 80 Brazilian parties (including 12 state-owned entities) in newly registered cases, and the ICC Court confirmed or appointed 60 arbitrators coming from Brazil. Brazil ranks sixth globally in terms of the nationality of parties and arbitrators.
Parties from Latin America and the Caribbean account for approximately 15% of all parties in arbitrations registered with ICC. Brazil has traditionally been the leading jurisdiction in Latin America and is the fifth most used seat of arbitration worldwide. In terms of applicable laws in newly registered cases in Latin America, Brazil came second (29 cases), just behind Mexico (35 cases).
Same-nationality party disputes represented 29% of the ICC Court’s new caseload in 2023, with 21 cases involving only parties coming from Brazil.
This makes
Brazil the second top jurisdiction
resorting to ICC Arbitration for domestic disputes in 2023.
The energy sector traditionally generates the second largest number of ICC cases, slightly behind the construction and engineering sector, accounting for over 20.6% of all new cases registered in 2023.
Ana Serra e Moura, Deputy Secretary General of ICC International Court of Arbitration, said: