If there is any doubt about Miami as a hub of international mediation and arbitration, consider this case that would be unthinkable to resolve almost anywhere else:
A Chilean group agreed to buy stock from an Ecuadorean bottling company for franchise rights in Ecuador. The Ecuadorean group backed out of the deal, refused to sell the stock and instead sold it to a third party for $63 million, triggering a breach of contract claim by the Chileans. Both of the warring entities were owned by British Virgin Islands holding companies.
