In this inaugural edition we cover a myriad of issues impacting the arbitration space. From use of AI in construction arbitration and the surge of ESG claims, to investment treaty crypto-arbitration, new legislation/reforms, fraud and many more.
In an industry built on contracts, regulations, and razor-thin margins, disputes are inevitable. Arbitration has long been the preferred method for resolving disputes in construction projects internationally.
Historically, arbitration was viewed with suspicion in the Middle East. This scepticism can be traced back to the significant arbitration awards of the 1950s and 1960s relating to oil disputes where Middle Eastern laws were often overlooked and Western parties frequently emerged victorious.
Sustainability and responsible practices are no longer just buzzwords. Rather, Environmental, Social and Governance (ESG) metrics are nowadays a fundamental part of lending and investment criteria, and form an integral part of, for example, transaction-related due diligence or prospectus disclosures, influencing shareholder and management bodies’ strategies alike.
The Kingdom of Saudi Arabia’s enactment of the Civil Transactions Law (the KSA Civil Law) has laid down a long anticipated legal framework that significantly impacts businesses operating within the Kingdom, particularly in the construction sector. It represents a significant shift, offering greater clarity and predictability.
The financial impact of mass tort litigation in the US is increasingly reaching higher up the (re)insurance towers of the Fortune 500 companies than ever before.