As business has globalised, international arbitration has become the world’s commercial court. And more recently, a check on capricious government too. Russia’s government has been ordered to pay US$50 billion over the dismemberment of Yukos Oil Company by an arbitral panel in The Hague and not long ago, arbitrators told Ecuador to pay US$2 billion to Occidental.
It is a serious business being an international arbitration counsel so the challenge has become separating the wheat from the chaff – finding the true specialist counsel. The GAR 100 comprises large and small practices we have surveyed and can consider “approved” in this discipline.
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