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Our international arbitration specialists from across our global network have identified 11 key trends that we predict will influence the field of international arbitration in 2024.
2022 was another challenging year for many of our clients and the global economy more generally. From the disruption and fallout caused by the Russian invasion of Ukraine to soaring energy prices and inflation, businesses around the world are facing significant new hurdles and complex legal challenges, many of which are driving new trends in international arbitration.
We hoped that 2021 would see the beginning of the end of the COVID-19 pandemic and the start of a global economic recovery. At the beginning of 2022, despite widespread vaccination programmes, the pandemic and resulting economic disruption continue to interfere with many fundamental aspects of life and business across the globe.
With the fallout from the pandemic expected to continue well into 2021, we can expect further turbulent times ahead. However, with the widespread roll-out of vaccine programmes, we hope that 2021 will see the beginning of a global economic recovery and a return to a ‘new normal’ as we start to look beyond the pandemic.