The figures are clear: the use of international arbitration is increasing worldwide. What was until a decade ago strictly a niche practice area is fast becoming the standard way of settling the growing volume of international commercial disputes, and firms are responding to this growth with ambitious plans to capture the market. Sophie Evans reports
London’s small band of international arbitrators are in no doubt that they are in the right place at the right time. Thanks to a mix of political and economic circumstances – namely the exponential growth in international trade, as well as economic collapses such as that of Argentina in 2002 – global firms in particular have been able to capitalise on a growing demand for international arbitration.
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