Few can doubt the increasing importance of arbitration on the international dispute resolution scene. Commercial disputes arising out of the myriad investments in the world’s emerging markets mean that litigation is no longer the first choice for companies wanting to settle a dispute.
Aside from the conventional locations, such as Geneva, London, Paris, New York and Stockholm, countries in Latin and Central America, South Asia and Southeast Asia are also marketing themselves as viable places in which to arbitrate. Rather than having to defend or bring a claim in the other party’s jurisdiction, arbitration allows both sides to find a neutral venue.
