International Arbitration The Preferred Method Of Cross-Border Dispute Resolution, Says Survey

Key Points

• International arbitration is the preferred method for cross-border dispute resolution.
• Almost 90% of all arbitration awards are complied with voluntarily.
• Most corporations are able to enforce awards within 1 year and recover more than 75% of their value.

Earlier this year PricewaterhouseCoopers and the University of London's Queen Mary School of International Arbitration published their second report on International Arbitration: Corporate attitudes and practices.

The first survey was published in 2006 and focused on the attitudes and choices of major international corporations towards the resolution of international commercial disputes. The main message resulting from the 2006 survey was that international arbitration was believed to have significant benefits over other forms of dispute resolution mainly because of its very effective international enforcement mechanisms.