Arbitration: Sign of the times
Although the caseload of the High Court has declined, the overall number of disputes resolved in the UK has remained steady, with international arbitration proving increasingly popular against court-based litigation. Gerry Lagerberg reports
Read the judicial statistics and you might be forgiven for thinking the litigation market had collapsed. According to the latest figures from 2003, the 14,191 claims and originating summonses issued in the Queen’s Bench Division in 2003 (the latest figures) represented a 24% fall on 2002 numbers. Cases in 2002 were 14% down on 2001, and the three previous years had seen decreases of 20%, 63% and 37% respectively on prior years. New cases in 2003 were just 5% of the number recorded in 1990. Has the contentious market really altered beyond recognition, or are there other trends at work in the current legal scene?
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