Recognition and Enforcement of Foreign Arbitral Awards in Brazil: A Practitioner’s Guide
Published: June 2015
Publisher: Kluwer Law International
Country of Publication: The Netherlands
How does Brazilian law and its Judiciary deal with requests for the recognition and enforcement of foreign arbitral awards?
This book has the answer. It is the first to provide you with practical guidance on the main steps and formal requirements for the recognition of foreign arbitral awards before Brazil’s Superior Court of Justice.
As Brazil turns into a major player in international trade, it’s important that successful parties in arbitration proceedings who may need to enforce awards in Brazil are aware of the local procedures for recognition and enforcement.
To help with this, the author includes a systematic compilation of all decisions issued by the Court on the recognition of foreign arbitral awards up to April 2015.
Thorough analysis includes:
- The relevant procedural aspects of recognition proceedings, and the grounds for defense
- The interplay of the New York Convention and the Brazilian Arbitration Act
- The role of the Federal Public Attorney’s Office in recognition proceedings
- The role played by counsel in recognition proceedings
- Interim and conservatory measures in the course of recognition proceedings
- Cases in which recognition was totally or partially refused
- Applicable appeals in recognition proceedings
- Challenges to recognition decisions available to the losing party
- How the Brazilian Judiciary engages in international court/arbitral cooperation
- Limitation periods for commencing enforcement proceedings
- Limited grounds for defense in enforcement proceedings
- Post-award interests
- The expropriation of assets
- pplicable appeals in enforcement proceedings
- Particularly helpful are the sections where the author explains in detail why recognition was refused or partially refused in the applicable cases.