- Advertisement -

An international survey on commercial disputes has revealed that international arbitration remains the preferred form of global dispute resolution for cross-border commercial disputes. London and Paris are still the most preferred seats, and the leading Asian hubs cement their positions in the top tiers of arbitral centres.

The 2018 International Arbitration Survey conducted by the School of International Arbitration, Queen Mary University of London, is the fourth survey carried out in partnership with White & Case. This year’s survey is the most comprehensive yet, with record participation from stakeholders around the globe.

The survey explores “The Evolution of International Arbitration”: how international arbitration has evolved, the key areas for development in the future, and who and what will shape the future evolution of the field.

- advertisement -

Findings include:

  • The five most preferred arbitral institutions are still the ICC, LCIA, SIAC, HKIAC and SCC.
  • 97% of respondents surveyed prefer international arbitration to resolve cross-border commercial disputes. 99% would choose or recommend international arbitration in the future.
  • London and Paris remain the most preferred seats for international arbitration, followed by Singapore, Hong Kong, Geneva, New York and Stockholm.
  • 55% of respondents predict London’s appeal as a seat of international arbitration will remain unchanged after Brexit.
  • The majority of respondents feel progress has been made in respect of gender diversity on arbitral tribunals over the past five years, but a third or less believe this in respect of geographic, age, cultural and ethnic diversity.
  • Information technology is widely used in international arbitration and respondents welcome increased use of such tools to aid efficiency.

Read the full report

Click to access qmul-international-arbitration-survey-2018-18.pdf

Previous articleGMWU withdraws appeal against Goldfields.
Next articleGhana EXIM Bank targets the North
ADR Daily is a specialized news portal with a focus on providing authentic news, information and research analysis on Appropriate Dispute Resolution (ADR), Human Resource Management (HRM) and Industrial Relations Management (IRM) in Ghana and beyond. This platform serves as an information resource base for the progress of the ADR, HRM and IRM industries, and seeks to promote professionalism in ADR practice by supporting a network of ADR professionals within and across nations and continents. ADR Daily keenly encourages the mass adoption of ADR mechanisms, particularly negotiation, mediation and arbitration for the resolution of disputes in all spheres, through the publication of industry news and information, as well as by deploying innovative awareness creation engagements.