The global recession has led to a spike in cross-border commercial disputes, which in turn has led to a rise in international arbitration. But even as more companies turn to arbitration, many in-house lawyers complain that the process, at its worst, can be as costly and time-consuming as litigation. An advocacy organization called the Corporate Counsel International Arbitration Group is highlighting the problems in order to encourage reform. Launched three years ago, the group is now making its influence felt.
February 03, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The global recession has led to a spike in cross-border commercial disputes, which in turn has led to a rise in international arbitration.
But even as more companies turn to arbitration, many in-house lawyers complain that the process, at its worst, can be as costly and time-consuming as litigation. Now an advocacy organization called the Corporate Counsel International Arbitration Group is highlighting the problems in order to encourage reform.
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