Is Paris a well-regarded seat of arbitration?

Yes, Paris has a long-standing reputation as an excellent arbitral seat. French arbitration law has long been viewed as a model for other countries, and French jurisprudence regarding arbitration is widely considered to be clear and well established. Courts have been supportive of arbitration for decades, and French law thus provides parties with legal certainty that their agreement to arbitrate will be enforced. It allows the parties complete freedom to organize their arbitration, subject only to internationally recognized minimum standards of due process. Many of the best rules established by French courts over recent years were incorporated into a new amendment to the French arbitration law in January 2011.