In Vienna today, major European legal and tax advisor CMS launched the fourth edition of the CMS Guide to Arbitration. The launch took place at a reception hosted by CMS and CIArb at the British Ambassador’s Residence in Vienna on the occasion of the 19th Willem C Vis International Commercial Arbitration Moot.
The two-volume guide gives clients and practitioners involved in arbitration a detailed overview of the law and practice in 32 different jurisdictions as well as arbitration materials such as international conventions, arbitration rules and further helpful information. The text is also available online as an e-guide at http://eguides.cmslegal.com/arbitration and, in due course, as an ‘app’ to be downloaded onto tablet computers.
“The rationale behind the development of the Guide is the increasing use of arbitration by international businesses. This increase is by way of example reflected in the growing caseload of the ICC International Court of Arbitration, which in 2010 saw a record 2,145 users of arbitration services.” commented Guy Pendell, arbitration and commercial litigation partner in London and head of the CMS Dispute Resolution Group. “From 2000 to 2010, the ICC court’s workload grew by 40%, involving parties from 140 different countries. The GAR 30 survey, which polls the top arbitration practitioners globally, showed almost 30% more merit hearings recorded between August 2010 and 2011 than in the previous 12 month period. These statistics offer concrete evidence that more and more companies in an increasing number of locations are turning to international arbitration as a simpler, more consistent solution to cross-border disputes.
There is no doubt that the economic volatility in 2009 caused a surge in arbitration activity and it is possible that the current challenges in the global economy may do the same again.”
Dr Torsten Loercher, international dispute resolution partner in Cologne and Head of the CMS International Arbitration Group added, “In particular in international disputes, arbitration offers parties a neutral forum to resolve their disputes and a more level playing field than litigation before State courts. It also provides a flexible framework for the resolution of disputes that can be adapted to the needs and expectations of the parties.
The Guide offers a thorough and detailed overview of the arbitration law and practice in the 32 jurisdictions covered. Further, the second volume which contains the relevant arbitration materials will be a helpful tool that should be on the desk of every arbitration practitioner.”
CMS Bureau Francis Lefebvre arbitration team
NOTES TO EDITORS
The CMS Dispute Resolution Practice Group comprises 39 partners and over 270 associates across Europe and beyond, and is one of the largest dispute resolution practices in Europe. The Group regularly handles large and complex disputes (both domestic and international), involving litigation, arbitration and all forms of alternative dispute resolution. Its members are also experienced in obtaining judicial assistance in foreign proceedings and in enforcing foreign judgments and arbitral awards.
CMS lawyers immerse themselves in their clients' business. This enables them to deliver the most effective legal and tax solutions. Both leading domestic and major global corporations work with CMS´ 2,800 lawyers across 55 offices in Europe, Russia, China, North Africa and South America. Clients select CMS because it has the most extensive footprint in Europe of any firm. CMS provides local and industry sector insight, global project management and its specialist teams work hard to add value to their projects, wherever they are taking place. Established in 1999, CMS today comprises ten member firms, all experienced in their local jurisdictions. This expertise means that clients receive high-quality advice in the local context. CMS firms posted a combined turnover of EUR 808m in 2011. For more information, please visit www.cmslegal.com.
The ten CMS member firms are: CMS Adonnino Ascoli & Cavasola Scamoni (Italy); CMS Albiñana & Suárez de Lezo (Spain); CMS Bureau Francis Lefebvre (France); CMS Cameron McKenna LLP (UK); CMS DeBacker (Belgium); CMS Derks Star Busmann (Netherlands); CMS von Erlach Henrici Ltd. (Switzerland); CMS Hasche Sigle (Germany); CMS Reich-Rohrwig Hainz (Austria) and CMS Rui Pena & Arnaut (Portugal). www.cmslegal.com