Tom Rohback was a contributing panelist at a recent roundtable discussion on the topic of International Arbitration. An intro to the discussion is below or read the complete dialogue in the June 2103 issue of Financier Worldwide located here.
Most companies understand the benefits of resolving cross-border disputes through arbitration. When disputing parties from different legal cultures come together, numerous challenges arise. Arbitration can be used to overcome the problem of unfamiliar foreign legal systems and language barriers, although this normally requires a carefully drafted artbitration clause in the commercial agreement to underpin the process. It is crucial, therefore, to negotiate clear and enforceable arbitration clauses into international business agreements.