Handling Potentially Complex Disputes: Multi-Tiered Dispute Resolution Clauses

Key Point

• A carefully drafted multi-tiered dispute resolution clause guides parties through a structured process, ultimately increasing their chances of reaching an early settlement.

The increasing globalisation of business has caused many large national construction corporations to search for new opportunities in foreign states. Construction is no longer a local industry and international projects provide construction companies new scope for growth and diversification. However, the growth of international construction projects has given rise to proportionate growth in the number and complexity of matters which require consideration when drafting contractual provisions for resolving disputes which may arise.