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We take the contrarian view on arbitration and highlight 5 problem areas with the use of arbitration:

Letters of credit ("LC") are the lifeblood of international trade.

Arbitration was once touted as the shiny saviour to international dispute resolution, transcending uncertain, costly, and time-consuming national courts.

Bills of lading ("BLs") are the wheels on which international trade moves.

Non-payment defaults, whether arising from Covid-19 or otherwise have skyrocketed prompting governments across the world to put in place temporary relief legislation to prevent an unprecedented spiral of insolvencies.