Taylor Wessing survey reveals the future of global dispute resolution
Earlier this year, Taylor Wessing undertook a survey to study the impact of the economic downturn on dispute resolution around the world. Several hundred responses were received from companies and lawyers worldwide on their current attitudes to a number of dispute resolution issues including:
- the use and merits of litigation as opposed to arbitration
- the popularity and effectiveness of ADR
- costs
- a global ranking of over twenty jurisdictions on a variety of measures including expense, independence of decision makers and adequacy of a clear body of law.
While not aimed only at respondents in the financial services industry, it is instructive to compare and contrast the results of the survey with our experience of financial disputes. In this context, two key themes emerge. First, the inter-relation between arbitration and litigation and the suitability of arbitration for financial disputes, and second, attitudes to mediation in the financial services industry.
Lawyers Laurence Lieberman
This article was first published by Complinet, the leading provider of dynamic, connected risk and compliance solutions to over 80% of the global financial services community.
