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Global warring

By: Series: Law Society's Gazette ; 97(42) 2 November 2000, 32-34(3)Publication details: 2000Subject(s): Summary: Discusses the growth of arbitration in an international context; the International Chamber of Commerce (ICC) court of arbitration recorded a new high of over 500 cases in the last year, and judges are beginning to use arbitration findings in their judgments. The main advantages of arbitration include ease of enforcing, confidentiality and low costs. For foreign parties, international arbitration is also appealing because they can avoid enforcing a civil judgment in local courts which are often strongly influenced by central government. However, problem areas can include conflict and international arbitrators who fail to take the role seriously.

Discusses the growth of arbitration in an international context; the International Chamber of Commerce (ICC) court of arbitration recorded a new high of over 500 cases in the last year, and judges are beginning to use arbitration findings in their judgments. The main advantages of arbitration include ease of enforcing, confidentiality and low costs. For foreign parties, international arbitration is also appealing because they can avoid enforcing a civil judgment in local courts which are often strongly influenced by central government. However, problem areas can include conflict and international arbitrators who fail to take the role seriously.