London has become a hub for disputes between Latin American and Asian parties, for which it has a real …

London has become a hub for disputes between the Latin American and Asian parties, where it has real and perceived advantages, but also faces challenges for its position in the future.

There is a lot of anecdotal evidence in recent years of London’s growing popularity as a seat of arbitration for Asian investments in Latin America. Julio Caesar Bueno, São Paulo partner at Pinheiro Neto which focuses on arbitration and mediation in the fields of construction and infrastructure, evokes the early years of the 21st century as a period of change in the scope of Asian investments in Latin America: “The main Asian investors in Latin America until around 2000 were Japanese”, who, due to their earlier involvement and ties to the United States United, and their legal system, tended to perceive New York as the best place to hear disputes.

In 2005, Bueno noted an increase in Chinese investment in Latin America, but the Chinese were not comfortable using the United States as a hub for disputes or using New York law, with a concomitant lack of confidence in the use of Brazil or other Latin American countries. legal systems or these countries as the seat of disputes, leading to “increased negotiations on the part of Chinese, South Korean, Indian and Singaporean investors” who would recommend China International Economic and Trade Arbitration Commission (CIETAC), Hong Kong International Arbitration Center (HKIAC) or Singapore International Arbitration Center (SIAC) as they knew them.

London's attraction to Latin Asian arbitration

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