Brazilian arbitration law clears hurdle

After six years of deliberation by the Brazilian Federal Supreme Court, the Arbitration Law (Law No. 9,307 of September 23, 1996) is now at least half-way to being approved. Though the decision is still to be finalised, a majority of Supreme Court Justices had voted in favour of the Law by May 3, 2001, making its enactment a virtual certainty.