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Across many jurisdictions and industries, international arbitration has risen to the forefront of commercial dispute resolution in recent years. The flexibility of arbitral proceedings means new approaches can be adopted quickly. This was seen following the outbreak of the coronavirus (COVID-19) pandemic, when in-person contact and international travel was restricted, and arbitration switched to remote hearings. The enforceability of arbitral awards is another advantage.

Going forward, it is increasingly likely that commercial disputes will continue to increase in the global post-COVID economy. The disruption caused by the pandemic, the ongoing energy crisis and Russia’s invasion of Ukraine are all muddying the waters. The financial, energy and construction sectors are set to be among those contributing to international arbitration cases.

The march of globalisation over the last 20-30 years has been irresistible. It is no coincidence that the number of disputes addressed through international arbitration has similarly grown during this period, as the complexity of economic activity has given rise to conflict which must be resolved quickly and efficiently.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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