Situation: Everyman LLP, a substantial international law practice, is conducting one of its periodical in-house training seminars, in accordance with the firm’s established education policy and with its continuing professional competence obligations.
This seminar, on international commercial arbitration, coincides with a new intake of trainees into the firm’s London arbitration practice and will be addressed also to newly-qualifieds, associates and partners in the firm’s contentious and transactional departments. Overseas offices are to be linked by video.
Given the varying levels of experience and expertise among the attendees, and the spread of jurisdictions in which the firm operates, the seminar will cover developments in the practice and procedures of international commercial arbitration broadly, along with guidelines for drafting dispute resolution clauses.
DRD will provide essential data, directly accessible on-screen to attendees, in a number of key areas; comparing regional data against universal norms, to assess regional variations in time, cost, the grant of interim measures, the practice in interrogatories and so forth, both for general information and to inform best clause-drafting decisions.
Globally and regionally, therefore:
- do the arbitral tribunals generally comprise a sole arbitrator or three;
- what is the average duration of an arbitration;
- what is the average amount awarded as compared to the amount of the claim;
- do tribunals typically permit interrogatories;
- what is the likelihood of recovering costs;
- are the national courts likely to get involved;
- is mediation prevalent;
- if so, what is the average duration of a mediation; and what are the settlement rates