New York is one of the world's leading arbitration centres. New York regularly ranks first in North America, and fourth globally, among all arbitral sites for International Chamber of Commerce (ICC) arbitrations, and it is the most important venue for arbitration in the United States. New York is regarded as the site of one-third to one-half of the international commercial arbitrations taking place nationally. Countless hearings also are held in New York each year in cases sited elsewhere but for which the city is a convenient and attractive location.
Originally published by International Comparative Legal Guide to International Arbitration 2018 .
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