• Comment: This article fails WP:CORP because two of the three sources are from a non-neutral source, the website itself. If you can find third parties that say what these sources are used to say, this article might progress forward. hewhoamareismyself 07:40, 5 June 2014 (UTC)

The New York International Arbitration Center ("NYIAC") is an independent not-for-profit organization focused on providing first-rate hearing center services for international arbitrations. In addition, NYIAC welcomes requests for mediations and other forms of alternative dispute resolution, but does not administer the hearings. It is located in New York City.^[1] NYIAC's mission is to provide a comfortable and elegant location for dispute resolution, including hearing rooms, breakout rooms, café and lounge area, state-of-the-art technology and on-site staff to coordinate activities. In addition, it advances and promotes international arbitration in New York through programming and development of relevant materials. NYIAC's role is to educate the global legal community about the benefits of New York as an arbitral venue, and invite practitioners to become involved. ^[2]

The center was established following a recommendation by a task force of the New York State Bar Association ("NYSBA"). The Report of the Task Force on New York Law in International Matters emphasized the need for New York to maintain its role as a key player in international dispute resolution, and a permanent center would provide this dedicated space. ^[3] According to NYIAC's chair Judith S. Kaye, former Chief Judge of the State of New York: “New York is a world financial capital and home to top flight international arbitration practitioners and neutrals. With the opening of NYIAC, New York now has a world-class hearing center and hub for the city’s thriving international arbitration community.^[4]

Officers and Executive Committee Members

Judith S. Kaye Chair / Director
James H. Carter Vice Chair / Director
Edna Sussman Vice Chair / Director
Jennifer Gorskie Treasurer / Director
John L. Gardiner Director
Richard L. Mattiaccio Director
Joseph E. Neuhaus Director
Peter J.W. Sherwin Director
Richard H. Silberberg Director
Robert L. Sills Director
Stephen P. Younger Director
Kenneth W. Bond Secretary

Global Advisory Board

Gerald Aksen (Co-Chair), George A. Bermann (Co-Chair), Seok Hui Lim, Salim Moollan, Chiann Bao, Richard Naimark, Gary Born, Josefa Sicard-Mirabal, Robert Davidson, William W. Park Linda J. Silberman, Jan Paulsson, Emmanuel Gaillard, Jose Emilio Nunes Pinto, Teresa Giovannini, Catherine Rogers, Jackie Nolan Haley, Tom Stipanowich, Neil Kaplan, S.I. Strong, Meg Kinnear, Eduardo Zuleta, Christopher Lau

The practice of international arbitration is prominent all over the world, with London and Paris serving as the traditional epicenters. NYIAC is the first center in New York to focus solely on this form of alternate dispute resolution amongst international entities. Parties choose to conduct hearings in New York City because of New York's neutral courts, which do not exhibit bias when faced with parties of different origins. Likewise, the appointed arbitrators are required to be neutral. New York law is well developed in dealing with commercial transaction disputes due to its high involvement in international business, finance and law. ^[5] In addition, New York Law is frequently applied in governing business both within New York and all over the United States.

New York law upholds an enforcement of agreement to arbitrate. If an obligated party refuses to arbitrate, the New York courts may demand the party to comply. Upon an agreement between parties to arbitrate over a valid dispute, the New York courts must choose to dismiss or stay litigation brought in breach of the agreement. In addition, if a breach of an arbitration clause is identified, the courts can issue anti-suit injunctions prohibiting the parties from resolving the case.

The New York courts may assist in selecting arbitrators if a method of appointment fails, is not followed, or is not made clear by the agreement. If a chosen arbitrator does not act and a replacement is not decided upon, the courts may also step in.^[6]