International arbitration News, analytics and practice

17Feb/10Off

Why is it that one of the most internationalized business sectors still finds it hard to embrace arbitration?

Arbitration as a means of dispute resolution is on the rise in many areas of business. However, it seems that the Banking & Finance industry is still struggling to accept arbitration as an alternative to state court proceedings. Why is it that one of the most internationalized business sectors still finds it hard to embrace arbitration, although international disputes are one of arbitration’s strengths? What can practitioners do to increase the acceptance of arbitration in the banking and finance sector?

1031019 Why is it that one of the most internationalized business sectors still finds it hard to embrace arbitration?In recent years, a couple of trends could be discerned suggesting that the time is ripe for a change.

First, the US Supreme Court rendered several decisions facilitating arbitration with regard to national and international security transactions.

Second, organizations in the banking and finance sector and arbitration institutions have meanwhile cultivated a dialogue that helped to reduce reservations and prejudice on both sides.

On 26 and 27 February 2010 Beckakademie Seminare in collaboration with German Arbitration Journal (SchiedsVZ) and German Institution of Arbitration (DIS) organizes 8th Annual Congress “Petersberger Schiedstage 2010. Arbitration and Finance”.

This conference is intended as a platform to continue this most useful dialogue. The agenda will give special attention to the Anglo-American and the Asian perspective, both of which will be formative for arbitration’s future in the banking & finance sector.

The main topics are:

  • Arbitration and Finance Disputes
  • Arbitration in International Capital Markets
  • The Anglo-American and the Asian Perspective
  • The ISDA Perspective
  • Lessons to be learned.

The speakers and panelists are arbitration practitioners as well as representatives of financial institutions.

The conference language will be English.

For more information please see the Program