We are delighted to announce that Herfried Wöss has once again secured a prominent position in this year’s highly esteemed The Legal 500’s Arbitration Powerlist, Latin America.
Herfried Wöss’ consistent recognition in The Legal 500’s Arbitration Powerlist reaffirms his exceptional expertise and contributions to the field of arbitration. This esteemed accolade underscores his dedication to excellence and his significant impact within the Latin American legal landscape.
Furthermore, we invite you to watch the captivating video profile that showcases Herfried Wöss’ profound insights, invaluable experiences, and unwavering commitment to delivering exceptional legal services in the domain of arbitration.
Join us in celebrating Herfried Wöss’ remarkable achievements and gain an exclusive glimpse into the brilliance that continues to set him apart in the realm of arbitration.
Excerpt from The Legal 500 publication
For over 30 years, The Legal 500 has been analysing the capabilities of law firms and sets across the world. In the research team, we constantly track which sections are used most by clients, and this often matches up with an increase in that section from submissions, client referees, requests for interviews and feedback – all of which make up the research process. The international arbitration rankings are consistently one of our most used and read editorial sections and one of the most competitive areas for law firms, sets, lawyers and barristers. This very much chimes with what we constantly hear anecdotally in the market, with international arbitration frequently cited as the preferred form of dispute resolution.
The Arbitration Powerlist: Latin America showcases the leading practitioners working in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela. In 2019, the ICC reported that one in eight of its registered arbitrators are from Latin America, and this number has only grown since then; in fact, in 2021 it was shown that Brazil accounted for the second highest number of parties in ICC proceedings. As well as this, arbitrators in the region have led incredibly important arbitration organisations, such as the International Bar Association Arbitration Committee, spearheading important initiatives. It remains a region full of opportunity, and we hope the following guide will provide an insight into this fascinating and ever-evolving disputes market.
A number of Latin American countries have a dual arbitration framework that distinguishes between domestic arbitration and international arbitration. International arbitration in the region is governed by the International Commercial Arbitration Act, which is modelled after the 1985 version of the UNCITRAL Model Law for international commercial arbitration, showing that Latin America is reforming and modernising its laws on arbitral procedure.
We are delighted to see successful teams not just embracing diversity, but also actively attributing a substantial part of their success to it. In fact, some of the interviews within mention that diversity and inclusion has become an essential characteristic for an international arbitration team in the past few years, and that the vision for the management of a case that is generated through inclusion is essential to international practice.
As with any publication of this nature, we were faced with the dilemma of including as many worthy candidates as possible without diluting the significance of their listing. After lengthy discussions across the editorial team, we decided that a larger selection was necessary to provide sufficient nuance and balance across so many different markets.
To collate the list of leading practitioners we have of course drawn on our research team’s expertise. We have also approached leading arbitrators, arbitral institutions, and general counsel active in the market to help create a definitive list of the leading arbitration counsel in Latin America today. As such, we think the listing reflects those practitioners that are deemed the gold standard by businesses.
To view the publication in full, please click here.