Dispelling Myths: International Arbitration in the U.S. and New York, Clashes of Costs and Cultures

Episode 2 of this podcast primer for Latin-American practitioners focuses on the clashes of costs and cultures.  We examine several topics to dispel myths between perception and practice about treatment under New York law or a New York seat, including: (i) the costs of arbitration seated in New York as compared to other leading arbitral seats in Latin America and (ii) clashes of cultures as it pertains to cultural diversity with contracts drafted under New York law models with Latin American governing law and a New York seat in addition to risk of punitive damages, disclosure, and confidentiality issues.