Moscardó began by introducing his firm, highlighting that it is the largest in continental Europe, with 1.250 professionals, and that it handled 70% of international arbitrations involving Spanish parties between 2002 and 2003. Drawing on this experience, the speaker discussed the innovations that the new Arbitration Law brings to the Spanish system and outlined Spain's advantages as an international arbitration venue. After reviewing the laws of 1953 and 1988, Moscardó emphasized the improvement represented by the 2003 Law. "This Law subtly attempts to combine the two systems: the Anglo-Saxon and the continental." Why is Spain a privileged venue for international arbitration? According to Moscardó, "because with this new Law we will have an international arbitration system that allows us to be a country where, for example, European investors who come to Latin America to make investments and encounter litigation there can feel comfortable." But Latin Americans who come to litigate against a Swede, for example, can also find themselves comfortable here.” All of this “in an appropriate, safe, and flexible manner, which is ultimately what the law aims for,” he asserted.
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