Greater diversity among arbitration professionals leads to better outcomes in arbitration proceedings, according to research.
Writing in this week’s NLJ, Alexander G Fessas, Secretary General of the International Chamber of Commerce (ICC) International Court of Arbitration, explains why this is the case and outlines the range of innovative diversity policies implemented by the ICC.
Fessas asserts there is much still to do on improving diversity, for example, only 73 of the 1,525 sitting arbitrators are nationals of African countries while the vast majority were European and North and South American nationals—a disparity Fessas hopes to address. As he writes, the 100th anniversary of the ICC Court this year ‘offers an excellent opportunity for further action’.
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