Commercial Arbitration, Domestic Courts, Enforcement, New York Convention

(Clifford Chance LLP)/ /1 Comment
American Society of International Law (ASIL)

Banks and financial institutions traditionally have favoured litigation over arbitration as the means of resolving international disputes. The reasons often given include: (i) financial disputes typically involve straightforward payment claims and do not involve complex legal questions or fact finding, with the latter more suited for arbitration; (ii) arbitration does not provide for the possibility…