Madrid, Seat for International Arbitration
The Region of Madrid not only meets all the essential requisites of an Arbitration seat, but also provides several other attributes which make Madrid the ideal location to host international commercial arbitrations:
“The region of Madrid meets all the conditions neceassary to be a seat for International Commercial Arbitration.”
Madrid is a region with an open economy and with diverse and highly qualified human capital. The services sector is the most important sector of the Madrid economy, which generates 78% of the region’s GDP. Madrid has a diverse range of professionals (lawyers, arbitrators, translators, etc.) with international experience and great professional status.
What is more, the open nature of the Madrid economy has favoured competition freedom. The logical consequence of this has been the development of an even broader range of services at even more competitive costs.
Moreover, the geographic location of the Region of Madrid has transformed the region into a most suitable environment for the co-ordination of transactions between important economic zones, such as between Europe and Latin America, or Europe and the Arab world. The cultural and linguistic identity shared with Latin America, as well as the extensive investment relations between the two regions, position Madrid as a natural bridge for business relations between Europe and Latin America. Furthermore, the strong existing ties with the Arab countries and Africa, due to historical links and geographic proximity, have given Madrid greater importance with respect to business relations with these two areas.