11 December 2012
Professor Loukas Mistelis has found that the business of overseeing the resolution of disputes between large companies is "booming”. His research found that between 4,000 and 5,000 disputes went for arbitration in 1992, but in 2011 the figure was 12,000. "Arbitration is penetrating more regions in the world - Brazil and Latin America for example, but also China and India," he says. Professor Mistelis describes arbitration as “a pre-nuptial agreement made at the time of the flirting, when the parties make a substantial agreement, with a possible exit strategy in case things go wrong”. Read the full article on BBC News.