Arbitration has become the most popular method for resolving international commercial disputes. International commercial arbitration involves parties from different countries or transactions that cross national boundaries. In the year 2014 itself, more than 80% of the disputes filed under various arbitration centers across the world were individually valued at more than 1 million US dollars. Continue reading
By Apoorva Mandhani, Symbiosis Law School, Pune.
Arbitration has gradually emerged as the preferred mode for resolution of large commercial and corporate disputes in several jurisdictions. The principle of confidentiality is one of the advantages1, if not the main one, for the increased popularity of international commercial arbitration.
However, a trend favoring transparency2 is catching up. This has added fuel to the constant need to strike a balance between confidentiality and transparency in international commercial arbitration Continue reading