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Arbitration: delivering on diversity

24 February 2023 / Alexander G Fessas
Issue: 8014 / Categories: Features , Profession , Arbitration , Diversity , Career focus
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Diversity in arbitration optimises outcomes both in the boardroom & the hearing room: Alexander G Fessas explains how the ICC International Court of Arbitration is creating positive change

  • With studies suggesting that increased diversity leads to better outcomes in arbitration proceedings, the International Chamber of Commerce (ICC) International Court of Arbitration has implemented a number of innovative policies to increase the diversity of its memberships and appointments.
  • As it celebrates its 100th year, the ICC Court has pledged further action to build on its efforts towards diversity, equity and inclusion.

It is often said that, if arbitration is to retain its prominence as a preferred method to resolve commercial disputes, we must embrace the relevance of diversity in today’s world, acknowledge the steps made towards increased diversity in arbitration, and, importantly, take further action.

Superior value

The issue is not new. Studies indicate that diverse corporate teams are more profitable and more likely to create superior value. With regard to arbitration specifically, surveys suggest that greater diversity

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MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

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