One of the perils of doing cross-border business is the possibility of being pulled into business-related legal wrangles. A recent global survey of executive carried out by The Economist Intelligence Unit (EIU) on behalf of Reed Smith, a global law firm, finds that one in four companies has become embroiled in an international commercial dispute in the past two years.
Companies from some sectors and regions are more likely to have been involved in an international commercial dispute. Nearly one-third (30%) of survey respondents from the transport and shipping sector reported experiencing a dispute in the past two years. European companies also reported an above-average number of disputes (29%), compared with just one-fifth (21%) from Asia-Pacific and one-quarter (25%) from North America.
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