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NLJ this week: The increasing attractiveness of arbitration

11 November 2022
Issue: 8002 / Categories: Legal News , Arbitration , ADR , Financial services litigation , Profession
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With the war in Ukraine ongoing and the after-effects of the pandemic ‘only slowly subsiding, global markets are in turmoil’, writes Cadwalader special counsel Simon Walsh, in this week’s NLJ. And what always increases during times of turmoil? Disputes.

Walsh looks at the growing trend towards the use of arbitration for financial disputes, and the factors driving this. He highlights the attractions of the courts as well as the motivations for choosing arbitration, and notes some of the circumstances in which parties may choose the latter. For example, where counterparties are sovereign states, or where they are located in emerging markets.

Moreover, Walsh considers the impact of Brexit, which is ‘also playing a part in the increasing adoption of arbitration’.

See the full article here.

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The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
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