Litigation: A new order
In spring 2008, legacy Lovells published a survey called The Shrinking World, which revealed some of the thoughts and concerns of in-house counsel across Europe about the litigation threats they foresaw. The results were striking. Thirty-eight percent of those polled expected an increase in disputes over the coming three years, and it was clear that concern over the threat of multijurisdictional disputes was growing. Most believed that customers and suppliers would continue to constitute the main source of disputes, although disputes with regulators were cited among the biggest risks facing multinationals. And how right they were, even if at that time nearly 60% rated the risk of litigation relating to banking and financial instruments as 'low' and only 6% cited issues of bankruptcy and distressed clients as a source of concern.
A rise in disputes work following the recession has highlighted the increasingly global nature of modern commercial litigation. Stephen Immelt and Patrick Sherrington examine this new landscape
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