The New York State Bar Association today joins leaders in international law in celebrating the opening of the New York International Arbitration Center in New York City.
"The New York State Bar Association is proud to have played an active early role in bringing this center to New York City," said State Bar President David M. Schraver of Rochester (Nixon Peabody). "New York has a long and illustrious reputation as a global center for the resolution of complex international legal issues.
"The opening of the New York International Arbitration Center solidifies that reputation and sends a strong message that New York remains firmly committed to meeting the needs of the worldwide legal community for many years to come," Schraver added.
The New York International Arbitration Center is a nonprofit organization formed with the support of 36 law firms to advance, strengthen and promote the conduct of international arbitration in New York.
Located at 150 East 42nd St. in Manhattan, the state-of-the-art facility features large hearing rooms equipped with video-conferencing equipment, LCD monitors and facilities for simultaneous interpretation. The facility will provide a venue for arbitration and mediation sessions conducted by independent entities. The sessions will begin in July.
The establishment of an international arbitration center was one of the key recommendations of a June 2011 report by the New York State Bar Association's Task Force on New York Law in International Matters. (Link to report: www.nysba.org/InternationalReport).
The task force was created in 2010 by then-President Stephen P. Younger of New York City (Patterson, Belknap Webb & Tyler) to undertake a systematic review of New York's laws as an international standard and to examine New York's role as a neutral forum for resolving international disputes.
Co-chaired by James B. Hurlock of New York City (White & Case) and the late Joseph T. McLaughlin, the task force was comprised of international experts in commercial law, arbitration, mediation and litigation, representing major law firms, law schools and arbitration centers. Among its advisers was former New York State Chief Judge Judith S. Kaye of New York City (Skadden, Arps, Slate, Meagher & Flom), now chair of the New York International Arbitration Center.
The State Bar's Dispute Resolution and International sections also have advocated for creation of an international arbitration center in New York City.
"New York has for years been the ideal site for arbitrations from around the world. Among many other things, New York has a consistent, widely respected body of applicable commercial law," said John Wilkinson of New York City (Fulton, Rowe & Hart), chair of the Dispute Resolution Section. "Now, with this wonderful new facility, New York simply has it all when it comes to international arbitration. Nowhere else is even close."
Glenn G. Fox of New York City (Baker & McKenzie), chair of the International Section, also praised the new center.
"The International Section is honored to have played an integral role in the establishment of the New York International Arbitration Center," he said. "This is another crown jewel for the New York legal community."
Judge Kaye will host the opening reception for the center this evening. Patricia O'Brien, United Nations undersecretary-general for legal affairs and legal counsel, will deliver the keynote address. The opening reception also will feature a tribute to Mr. McLaughlin, a pioneer in international arbitration in New York.
For more information about the New York International Arbitration Center, visit: www.nyiac.org.
The New York State Bar Association, with 76,000 members, is the largest voluntary state bar association in the country. It was established in 1876.
Contact: Mark Mahoney
Associate Director, Media Services & Public Affairs