Adam Haffenden and Simon Fielding have prepared an article for London International Disputes Week (LIDW), discussing why arbitration is so popular in international disputes, and also spoke about arbitration as a remedy in international disputes.
Here is a short extract from the article:
”The precise wording of a legally binding agreement can often be forgotten when the agreement performs exactly as intended. However, when turbulent times hit and a party stops performing their obligations, then the first thought may be to reach for the written agreement to see what it says about that particular situation. Perhaps long after the agreement has been entered into, the parties may realise the importance of the wording used in the contract, and the provision for resolving disputes made in the contract.
The Law Society recently released a report considering the position of the legal sectors in England and Wales. It was found that London is considered a global centre for commercial dispute resolution.”
The article was published first time on the London International Disputes Week website on 9th January 2024. If you wish to read the full article, please click here.