Energy and Finance Sectors Drive Growing International Arbitration Caseloads -
International arbitration case filings are surging and show no signs of letting up, according to recent reports from the world’s leading international arbitration institutions. The latest statistics released by prominent international arbitration administrators worldwide show consistent annual growth in international arbitration matters, including a continued uptick in energy/resources- and banking/finance-related claims.
This is due to a confluence of factors, the primary ones being that international dealings in those sectors remain prevalent and those deals utilize international arbitration provisions to resolve disputes arising from those agreements. International arbitration is preferred over national courts because, among other reasons, it provides a neutral forum for international disputes and multiple options for enforcing and collecting on awards rendered in almost 160 countries.
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