The emphasis of our commercial arbitration practice is on disputes with an international element, particularly for foreign clients.
Companies involved in international joint ventures, project finance, commodities and energy contracts regularly choose English law to govern their relationships and select arbitration, often in London, as their method of resolving disputes.
The arbitration procedures of the International Chamber of Commerce and the London Court of International Arbitration are most commonly adopted and we handle disputes before both tribunals. We also deal with domestic arbitration, sometimes ad hoc, agreeing all of the governing procedural rules as well as handling the dispute itself.
"Sources say that 'it most definitely holds its own'."
One of the key reasons why clients opt for arbitration is the fact that the dispute and its outcome remain confidential to the parties. However, we can summarise some examples of our recent arbitration work as follows:
- representing a UK bank in a City Disputes Panel arbitration against about 40 insurers on its Bankers Policy in a claim for an indemnity for defence costs and settlement payments paid out in relation to various US proceedings
- acting for a large international retail group in an arbitration under the LCIA rules against two former directors of a Thailand group company. The arbitration related to the breaches of certain restrictive covenants not to compete with our client's business
- acting for one of the world's largest insurance companies in an international dispute between its subsidiary and a major competitor which alleged claims in excess of $600m and involved allegations of conspiracy to injure. The actions in England involved both arbitration and High Court proceedings
- an arbitration for harbour commissioners concerning the demarcation of the boundary between two parts of a development site at their harbour. The dispute concerned whether each of the proposed sections was of the agreed value and contained all those elements it was contractually required to contain - roads, parking, street frontage etc. The value was about £2.5m