Trends and opportunities in commercial arbitration

In a year of distance, international businesses have had a taste of virtual arbitrations, and they like it. ILLUSTRATION | SHUTTERSTOCK

In a year of distance, international businesses have had a taste of virtual arbitrations, and they like it. The world has witnessed unprecedented caseloads across most arbitration institutions, which practitioners anecdotally describe as the greatest number of cases they have had in years — if not ever.

Since the start of 2020, many global businesses have turned to arbitration as court systems struggled to cope with choke-full numbers of civil applications and when coronavirus laws restricted public gatherings.

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Note: The results are not exact but very close to the actual.