Promoting Arbitration As A Tool For Encouraging Investment

It is no secret that the world today is a global village, interdependent on itself to ensure the continuity of a thriving commercial community and the survival of each and every nation. Cross border transactions are the norm in today's world and cannot be avoided. Daily, international business contracts are signed as well as Bilateral Investment Treaties (BIT) to protect international commerce, cross border transactions and investments.

Human nature dictates that conflicts will arise in the execution of these transactions. Conflicts are part and parcel of contracts, particularly cross border contracts. For this reason, dispute resolution mechanisms are agreed, setting out the parameters for the resolution of potential disputes before they occur. In a recent survey conducted by White and Case, in collaboration with Queen Mary University, School of International Arbitration on the Improvements and Innovations in International Arbitration, 90% of the respondents to that