Corporate attitudes and practices: recognition and enforcement of foreign awards
Following the success of the pioneering research "International Arbitration: Corporate Attitudes and Practices 2006", PricewaterhouseCoopers has again sponsored the School of International Arbitration, Queen Mary, University of London to study the perceptions and attitude of major corporations on the subject of the enforcements of international arbitration awards.
In the video above, Gerry Lagerberg, forensic services partner, and Professor Loukas Mistelis, Director of the School of International Arbitration at Queen Mary's University of London, discuss the key findings from the study. Video length - 4:17 mins
"International Arbitration: Corporate Attitudes and Practices 2008", explores the results of research conducted over a six-month period and summarises data from 82 questionnaires and 47 interviews on:
The results provide valuable insights for any business that trades or invests abroad and seeks assurance on the dispute resolution options available to it. The results show that international arbitration remains global companies' preferred dispute resolution mechanism for cross-border disputes, that international arbitration is effective in practice and that when cases proceed to an enforcement stage, the prevailing party usually achieves a satisfactory result. Key findings:
Over half of the respondents who had sought to enforce awards against states had encountered no major difficulties. Most of the difficulties encountered related to problems with identifying or obtaining access to relevant assets.