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When opportunity knocks: will arbitration become the preferred means for resolving offshore commercial disputes?
The optimists among us look for “silver-linings” in these challenging times. One of these is affirmation of our capacity for innovation and adaptation as individuals and businesses, and our societies have adjusted, and innovated in response to the dramatic restrictions imposed on our way of life.
On 8 April 2020, the UK applied to join the 2007 Lugano Convention to pave the way for the post-Brexit area from the end of the transition period on 31 December 2020.
With the litany of disputes arising out of COVID-19, many parties are forum shopping to identify the jurisdiction they perceive to be the most favourable to them to determine their disputes.
We are delighted to confirm the promotion of thirteen lawyers to our partnership across practice areas including commercial, employment and healthcare, as well as specialist areas of insurance and liability that include cyber, property and construction, professional liability, travel, abuse and fraud. Eight of those promoted are based in the UK, with four in the US and one in Australia. Our worldwide partner count is now 264.
Our international arbitration and commercial disputes teams are proud to be supporting members of next year’s London International Disputes Week. In light of Covid-19, the London International Disputes Week (LIDW) events that were scheduled to take place in September have been postponed until the week of 10 May 2021.
Case review 01/04/2020
In a landmark decision, the Court of Appeal has determined that on the proper construction of an agreement, there was an express choice of English law governing the arbitration despite an arbitration clause stipulating Paris as the seat of arbitration.
While priority measures are understandably focused on the threat to life and health, with governments around the world implementing quarantine and social distancing procedures, local and international trade and business has been and will continue to be affected in different and, often extreme, ways.
These are extraordinary times. Boris Johnson called it the ‘worst public crisis for a generation’. What we are witnessing is how local trading can lead to world chaos, with supply chains failing, billions being wiped off the stock markets and companies collapsing.
We are pleased to confirm that we have strengthened our Singapore litigation practice by hiring Glenn G. Cheng from K&L Gates Straits Law LLC. Glenn, who is dual-qualified at the Bar of England and Wales and admitted as an advocate and solicitor of Singapore, becomes the fifteenth partner in our growing Singapore office.
The British Virgin Islands (BVI) has gone “all in” to establish itself as a leading venue for international arbitrations, riding the current wave of popularity for resolving international commercial disputes through arbitration.