Industrial scale - can arbitration evolve fast enough to seize its global moment?

"It's very easy for clients and lawyers to say in the abstract that they want to make arbitration more efficient. But when it comes to your own case and it’s a bet-the-company situation, does a client want to take all the procedural points open to it in mounting its defence, or does it want to prioritise efficiency?"

The rise of arbitration has embedded the process into international business – and led to rising delays and costs. Richard Lloyd asks if arbitration is ready to enter its ‘industrial phase’

The rise and rise of international arbitration continues apace. It seems arbitration has become as much a feature of the globalised legal world as the 144A rule in capital markets or the preponderance of English law documents in much of the global banking community.

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