Freshfields’ Constantine Partasides and Patrick Taylor argue arbitration must evolve if it is to fulfil its promise as the first choice to resolve global business disputes
Over the last 20 years, international arbitration has been an extraordinary success story. Transforming itself from a procedural exoticism into a mainstream method for resolving international commercial disputes, it is no exaggeration to say that we now live in the age of arbitration. Indeed, not only is arbitration capturing an ever-increasing share of the disputes market, but for those participants in the international economy who are looking for neutrality and international enforceability, it has been said that it is the only game in town.
