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CMS launches 2012 Guide to Arbitration

03/04/2012

In Vienna today, major European legal and tax advisor CMS launched the fourth edition of the CMS Guide to Arbitration. The launch took place at a reception hosted by CMS and CIArb at the British Ambassador’s Residence in Vienna on the occasion of the 19th Willem C Vis International Commercial Arbitration Moot.

The two-volume guide gives clients and practitioners involved in arbitration a detailed overview of the law and practice in 32 different jurisdictions as well as arbitration materials such as international conventions, arbitration rules and further helpful information. The text is also available online as an e-guide at http://eguides.cmslegal.com/arbitration and, in due course, as an ‘app’ to be downloaded onto tablet computers.

“The rationale behind the development of the Guide is the increasing use of arbitration by international businesses. This increase is by way of example reflected in the growing caseload of the ICC International Court of Arbitration, which in 2010 saw a record 2,145 users of arbitration services.” commented Guy Pendell, arbitration and commercial litigation partner in London and head of the CMS Dispute Resolution Group. “From 2000 to 2010, the ICC court’s workload grew by 40%, involving parties from 140 different countries. The GAR 30 survey, which polls the top arbitration practitioners globally, showed almost 30% more merit hearings recorded between August 2010 and 2011 than in the previous 12 month period. These statistics offer concrete evidence that more and more companies in an increasing number of locations are turning to international arbitration as a simpler, more consistent solution to cross-border disputes.

There is no doubt that the economic volatility in 2009 caused a surge in arbitration activity and it is possible that the current challenges in the global economy may do the same again.”

Dr Torsten Loercher, international dispute resolution partner in Cologne and Head of the CMS International Arbitration Group added, “In particular in international disputes, arbitration offers parties a neutral forum to resolve their disputes and a more level playing field than litigation before State courts. It also provides a flexible framework for the resolution of disputes that can be adapted to the needs and expectations of the parties.

The Guide offers a thorough and detailed overview of the arbitration law and practice in the 32 jurisdictions covered. Further, the second volume which contains the relevant arbitration materials will be a helpful tool that should be on the desk of every arbitration practitioner.”

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Contact:

Isabel Scholes, CMS Head of Communications
+49 69 71701 512
isabel.scholes@cmslegal.com

Press Contact
presse@cms-hs.com

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