International dispute resolution
October 2014 | SPECIAL REPORT: INTERNATIONAL DISPUTE RESOLUTION
Financier Worldwide Magazine
October 2014 Issue
With each passing year multinational firms spread their reach ever further into new sectors and jurisdictions. With this comes a corresponding rise in the incidence of disputes. For international organisations, disputes in overseas markets are often highly disruptive and resolving the conflict efficiently is a priority. The time and cost of litigation has made arbitration a popular option in recent years, and with certain jurisdictions making a concerted effort to improve their profile as a seat of arbitration, the choice of viable venues continues to increase. However, processes and outcomes can differ. As globalisation continues at pace, firms are operating in countries with less established and efficient dispute resolution regimes. Parties must therefore bear in mind that that such jurisdictions may harbour unexpected and unique challenges, and it may be beneficial to consider alternative dispute resolution (ADR) to address their particular issue.
FORUM: Enforcement of foreign judgments
FW moderates a discussion on enforcing foreign judgments between Doug Jones at Clayton Utz, Ozan Akyurek at Jones Day, Jason Woodland at Peters & Peters, and Tatiana Menshenina at Simmons & Simmons.
Controlling the rising costs of arbitration
Hogan Lovells, US LLP The lower assumed cost of arbitration compared to litigation is often touted as one of arbitration’s top advantages over traditional court litigation. Still, with the rise in popularity of this dispute resolution alternative, especially among sophisticated parties in...
Dilatory tactics and the courts’ readiness to safeguard arbitration through cost sanctions
Bryan Cave It is not unusual for parties to seek to involve the courts in disputes that are ostensibly subject to arbitration as a dilatory tactic. Such legal manoeuvrings, including bringing court proceedings in contravention of an agreement to arbitrate or challenging...
The use of summary disposition in international arbitration: some observations
Skadden, Arps, Slate, Meagher & Flom LLP The past decade has seen various proposals put forward to improve the procedural and cost efficiencies of international arbitration. One proposal that received significant attention was the summary disposition of an arbitration, i.e., the dismissal or upholding...
Multiple issues in arbitration
Norton Rose Fulbright LLP The growth of international commercial arbitration as an effective dispute resolution mechanism is in part due to the flexibility it allows, stemming from the fact that it is based on the consent of the parties. Parties can agree rules, timelines and procedural...
Basic strategic considerations in the funding of disputes
Mishcon de Reya New York LLP In the post-crisis environment, where at one and the same time budgets are tighter and the consequences of disputes are often more business-critical, corporate clients including financial and investment firms have rightly sought greater budgetary and...
Recognition and enforcement of foreign judgments in Russia
Khrenov & Partners Integration of the Russian Federation into the global economy resulted in a dramatic increase in the number of disputes involving Russia-related parties. As a consequence, Russian courts frequently deal with recognition and enforcement of foreign judgments and other...
FW moderates a discussion on discovery in disputes between Bennett B. Borden at Drinker Biddle & Reath LLP, Jason Coyne at IT Group and Shannon Capone Kirk at Ropes & Gray LLP.
IN ASSOCIATION WITH
Bryan Cave
Clayton Utz
Drinker Biddle & Reath LLP
Hogan Lovells, US LLP
IT Group
Jones Day
Khrenov & Partners
Mishcon de Reya New York LLP
Norton Rose Fulbright LLP
Peters & Peters
Ropes & Gray LLP
Simmons & Simmons
Skadden, Arps, Slate, Meagher & Flom LLP