In this week’s NLJ, Thomas Snider, partner, and Dalal Alhouti, knowledge development lawyer, at Charles Russell Speechlys, pick the most significant factors currently affecting this competitive field
The authors look at the focus on environmental, social and governance (ESG) frameworks, at changes to institutional rules to ease the process of digital assets disputes, and at the potential impact of sophisticated generative artificial intelligence (AI).
They write: ‘It is inevitable that we will also see arbitrators using AI to generate drafts of procedural orders and, more controversially, final awards. This may lead to challenges on the basis that it is not the arbitrator appointed pursuant to the arbitration agreement that has written the final award, but AI.’
Also, did you know that 20,000 trees could be needed to offset the carbon emissions of just one arbitration?
