PPTitle_Int Arb.jpg

POWER PLAYERS

International Arbitration 2021 - Exceptional Experts

February 2021  |  LITIGATION & DISPUTE RESOLUTION

financierworldwide.com


Click cover to download

(Subscriber-only password access)

 

Not a subscriber?

Click here to join the FREE mailing list and receive password access


Dispute resolution, like so many aspects of our working and daily lives, has been impacted by the unprecedented and unforeseeable events of the last 12 months.

The outbreak of COVID-19 has fundamentally changed the paradigm for parties and dispute resolution professionals alike. In the ‘new normal’, arbitration has remained a popular process for resolving commercial disputes, given its key advantages as an effective, customisable and efficient mechanism.

Indeed, flexibility has become critical for the international arbitration community. Circumstances have forced arbitration practitioners to pivot quickly and adapt to changing global circumstances. For their part, arbitral institutions have responded with updates and new practice guides to clarify and streamline rules and procedures, in order to better suit the new, ‘virtual’ reality of dispute resolution and remote proceedings.

Technology has become central, bringing dispute resolution firmly into the 21st century. While some arrangements were in place giving tribunals discretion to conduct virtual hearings, new rules have been refined and clarified in the wake of COVID-19. For example, after consulting with parties, and based on the circumstances and facts of the case, an arbitrator can decide whether a hearing will be held remotely or in-person. To that end, it is important for companies to consider recent changes when drafting arbitration clauses in their commercial contracts.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

© Financier Worldwide



©2001-2024 Financier Worldwide Ltd. All rights reserved. Any statements expressed on this website are understood to be general opinions and should not be relied upon as legal, financial or any other form of professional advice. Opinions expressed do not necessarily represent the views of the authors’ current or previous employers, or clients. The publisher, authors and authors' firms are not responsible for any loss third parties may suffer in connection with information or materials presented on this website, or use of any such information or materials by any third parties.