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Article: London Calling - International Commercial Arbitration.
- Article from:
- Mondaq Business Briefing
- Article date:
- August 1, 2008
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The judgment by the Court of Appeal in Fiona Trust and Holding Corporation v Yuri Privalov (2007) is being hailed as a decision that will help maintain London's reputation as one of the leading centres for international commercial arbitration.
In many disputes, one party is keen to achieve a decision on its claims while the opponent wishes to delay and frustrate the dispute resolution process. Companies increasingly provide for disputes to be settled by arbitration when they make international agreements because of the relative ease of enforcing arbitration awards throughout the world and the possibility of agreeing to hold arbitrations in a neutral ...