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International Law,
Alternative Dispute Resolution

Feb. 28, 2023

Is international arbitration adapting to the speed of business?

See more on Is international arbitration adapting to the speed of business?

Perhaps the biggest challenge facing the industry in 2023 is whether international arbitration can adapt sufficiently to remain the dispute resolution mechanism of choice for corporate end-users.

For at least the last two decades, it has been widely accepted that corporations doing business internationally prefer international arbitration, either alone or in combination with a multi-tiered escalating dispute resolution process, to litigating in the courts of one of the countries to a contract.

According to a 2006 survey of general counsels of companies engaged in international commerce published by PriceWaterhouseCoopers (PWC) and Q...

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