International arbitration: reducing costs and promoting efficiency | Practical Law

International arbitration: reducing costs and promoting efficiency | Practical Law

Lately, international arbitrations have become more akin to common law litigation, with its interim applications, extensive disclosure, and aggressive witness examination. This has caused concern among many arbitration practitioners. The popularity of international arbitration is based on far more than its traditional cost-effectiveness, but if it is to ensure its pre-eminence for international disputes, issues of cost efficiency need to be addressed.

International arbitration: reducing costs and promoting efficiency

Practical Law UK Articles 6-578-8270 (Approx. 5 pages)

International arbitration: reducing costs and promoting efficiency

by Tom Cummins, Ashurst LLP
Published on 28 Aug 2014International, United Kingdom
Lately, international arbitrations have become more akin to common law litigation, with its interim applications, extensive disclosure, and aggressive witness examination. This has caused concern among many arbitration practitioners. The popularity of international arbitration is based on far more than its traditional cost-effectiveness, but if it is to ensure its pre-eminence for international disputes, issues of cost efficiency need to be addressed.