1. ALTERNATIVE DISPUTE RESOLUTIONS IN THE SECURITIES MARKET
OECD Russia Corporate Governance Roundtable
Moscow, 25–26 November 2012
ALTERNATIVE DISPUTE RESOLUTIONS IN THE SECURITIES MARKET
market
ARBITRATION Chamber
Co-sponsored by
Informational partner

2. OECD Russia Corporate Governance Roundtable
Moscow, 25–26 November 2012
Disclaimer: The views expressed in this presentation are those of the author and do not necessarily represent the opinion of the OECD Russia Corporate Governance Roundtable, the OECD or its Member countries, or of the Moscow Exchange.
Co-sponsored by
Informational partner

3. Brazilian Equity Market Development
ARBITRATION Chamber
Institution of Market Arbitration Chamber in July 2001
Corporate Governance Instrument
Appropriate forum for the solution High quality of the decisions
of issues related to the Capital Markets Short time to rule over a case
Special Listing Segments
Voluntary and Enforceable Regime based on Corporate Governance
Brazilian Equity Market in early 2000s
Concentrated control
Non-voting shares
Inequitable treatment
Poor enforcement by the regulator and courts

4. market
ARBITRATION Chamber

5. Adhesion to the Market Arbitration Chamber
Adhesion to CAM
Adhesion to CAM by
LISTING SEGMENTS
Optional

6. Development of Arbitration
Arbitration in Brazil
2002
New York
Convention
2011
2012
2010
Consolidation
2001
Decision STF
Constitutionality
1996
Arbitration
Act
Learning
Period
2007
Development of Arbitration
1824
Brazilian First
Constitution
Institution of
Market Arbitration Chamber
Seminars, events, meetings
New Rules
market
ARBITRATION Chamber

7. New Rules
market
ARBITRATION Chamber
New Arbitration Rules entered into force on October 26, Main innovations in the field of corporate arbitration: 1. Modernity, simplicity and flexibility to the Rules; 2. Granting of urgent interim or conservatory measures by an emergency arbitrator before the constitution of the Arbitral Tribunal; 3. Joinder of parties; and 4. Consolidation of proceedings.

8. FINAL REMARKS
market
ARBITRATION Chamber
Arbitration is not an alternative dispute resolution method. It is an adequate dispute resolution method especially in securities market;
Arbitration being broadly spread and accepted in Brazil is thanks:
(i) legal security;
(ii) proper legal environment; e
(iii) the strong support from the Courts to institute of arbitration.
We are sure to be offering a modern, efficient instrument of corporate governance to the companies that can surely add value to their shares and security to the shareholders;
BM&FBOVESPA is very enthusiastic about arbitration in the Market Arbitration Chamber. The limited number of proceedings can only be interpreted in light of the development of arbitration in Brazil;
Arbitration has an economical value in the generation of investments.

9. OECD Russia Corporate Governance Roundtable
Moscow, 25–26 November 2012
ANDRESSA BONDIOLI MARKET ARBITRATION CHAMBER
market
ARBITRATION Chamber
Co-sponsored by
Informational partner