Dynamics, discretion and diversity - A recipe for unpredictability in international arbitration?

This is a transcript of a speech delivered by Hilary Heilbron QC from Brick Court Chambers, London, at the 14th Annual Clayton Utz / University of Sydney International Arbitration Lecture in Sydney on 25 November 2015.

It is indeed a great privilege and a real honour to be asked to give the 14th Clayton Utz/Sydney University International Arbitration lecture this evening in one of my favourite cities. I am extremely humbled to follow in the footsteps of such eminent past speakers.

In those fourteen years we have seen many changes in international arbitration as it moves to adapt to the increased global demand. Changes both in relation to international commercial arbitration and also in investor-state arbitration. But at its core remain the same principles and expectations which attracted parties to this mode of dispute resolution many centuries ago.