Madrid, Seat for International Arbitration
Professional Advantages
There are more than 40,000 qualified lawyers in the Region of Madrid, many of whom have international training and experience. As a result of the mentioned international liberalisation of the region, we have assisted in the development of international networks of Madrid law firms, as well as the establishment of offices of international law firms and the majority of multinationals.
“The most important national and international law firms as well as multinationals have offices in Madrid.”
The exchange of good practice between these entities has given greater impetus to the evolution of an arbitration culture in Madrid which has had significant repercussions on the attitude of Madrid-based lawyers towards arbitration.
Madrid has an extensive number of arbitrators with the experience and prestige to assume the arbitration tasks presented. Furthermore, Madrid is an attractive location (well connected by air transport, with a quality hostelry infrastructure and rich leisure and cultural offerings, as well as a very pleasant climate) for the resolution of Arbitrations.
The Region of Madrid also has an extensive number of arbitration courts, which are submitted by Spanish legislation to the status of non-profit organisations. All courts have modern and suitable facilities to hold arbitration procedures.
Within the professional support network, the Spanish Arbitration Club was born in 2005; a platform for the development of international arbitration practice in Spanish and for its extension to Portuguese. (www.clubarbitraje.com). PromoMadrid has signed an agreement with this institution with the aim of promoting Madrid as a Seat for International Arbitration.