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ARTICLE · 28 SEPTEMBER 2023

International Arbitration 2023

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Arbitration is often used in England and Wales as an alternative to litigation. A 2021 survey by Queen Mary University of London found that London remains the most favoured arbitral seat in the world.

United KingdomLitigation, Mediation & Arbitration
Gary Born
Gary Born
Charlie Caher
Charlie Caher
Matteo Angelini
Matteo Angelini
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1. GENERAL

1.1 Prevalence of Arbitration

Arbitration is often used in England and Wales as an alternative to litigation. A 2021 survey by Queen Mary University of London found that London remains the most favoured arbitral seat in the world. The London Court of International Arbitration (LCIA) has confirmed that that it had 333 referrals in 2022, with its caseload increasing by 60% in the past ten years. Non-UK parties account for around 88% of its users.

1.2 Key Industries

According to the LCIA's 2022 annual casework report, the top three industry sectors dominating the LCIA's caseload are banking and finance, energy and resources, and transport and commodities (together representing 65% of all cases). These are the most likely growth areas for international arbitration. Significantly, transport and commodities cases dominated the LCIA's caseload, with the percentage of cases in 2022 more than double the percentage in 2021.

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