Lawyers have said, due to the costliness and length of arbitrations, a right of appeal would make international arbitration less attractive, according to new research by Bryan Cave Leighton Paisner.

A large majority of respondents (71%) to the firm’s annual arbitration survey said that when facing an international arbitration panel, they would prefer not to have a right of appeal, over concerns that this would further drag out a dispute over a longer time and cause greater expense.