This blog post was first published on the Practical Law Arbitration blog. The use of international arbitration has expanded over the years to encompass a wide array of sectors. For example, while the majority of financial services disputes still end up in court, many of them are submitted to arbitration. Of the London Court of International Arbitration’s (LCIA’s) caseload in 2016, 20% comprised of such disputes. This was more than either construction or shipping. This raises the question of which other industry sectors might provide a larger number of arbitrations
On 5 May 2014, the World Intellectual Property Organisation (“WIPO”) Arbitration and Mediation Center released its new Mediation, (Expedited) Arbitration and Expert Determination Rules. The new rules come into effect on 1 June 2014 and (with the exception of the provisions on emergency relief) will apply to all WIPO mediations, arbitrations and expert determinations commenced on or after that date. The revisions to the WIPO Rules reflect many of the trends seen in other recent revisions to institutional arbitration rules. These include joinder, consolidation, emergency relief and effective case management.