Arbitration and Development. “The Arbitration Claim and the Bankruptcy Process.” Maria Odete Duque Bertasi

“Law no. 9,307, dated Sept. 9, 1996, which regulated arbitration in Brazil (LA), brought a change in the way of the Brazilian legal community thinks and acts. It was actually the catalyst for a new trend and opened doors to this notable way of administering justice. Prior to the effectiveness of the new law, except for those who entered into international agreements with a commitment clause and participated in arbitrations abroad (in 1990 there was an Arbitration case involving a Brazilian company in the International Court of Arbitration of the International Chamber of Commerce – ICC), others rarely found arbitration at the domestic level.”