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Before globalization was a buzz word and arbitration was a profit center, there was William Laurence “Laurie” Craig, Harvard Law School class of ’57. Craig caught the travel bug on his first world tour, as an officer on the Navy destroyer the U.S.S. Dewey. On a military leave he jumped on a transport from New Jersey to Paris and fell in love with croissants. After leaving the Navy and spending three years in Washington, D.C., he joined Coudert Fr�res in Paris and scanned the horizon for arbitration cases. “Starting with the Marshall Plan, people kept putting those clauses in contracts, like their lawyers told them to,” he says, “but it was only in the ’70s you started to get a real flow of contentious cases.” Craig speaks in both English and French with a thick New York accent, about which his kids tease him mercilessly. When arbitration came of age during the oil crises of the 1970s, Craig and his prot�g� Jan Paulsson (now in the Paris office of Freshfields Bruckhaus Deringer) helped to pioneer the principle of holding states liable for the expropriation of corporate assets, in a case arising out of Libya. “Because so much of the world was socialist at that time,” he recalls, “businessmen started saying, ‘Well, now we can go there; and if necessary, we’ll arbitrate.’” The arbitration life has not lacked for excitement. In 1973 Craig found himself on a runway in the Rome airport between one plane bombed by the PLO and another that had been hijacked. During the Iran-Iraq war, he found himself in Baghdad. But Laurie Craig has no regrets. As he sits at his desk today, he can see on one side a picture of his old ship, the U.S.S. Dewey, and on the other a window framing the Eiffel Tower.

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