As observed over the years, the statistical trends in commercial arbitration practice, a primary method for settling private disputes, have consistently reflected significant geopolitical occurrences. The latest stats brought forth by the London Court of International Arbitration (LCIA) in its 2022 annual report uphold this phenomenon.
Despite it seemingly being “business as usual” for the types of disputes referred to the LCIA, an evident shift is underway, rooted in the global geopolitical and economic climate. Due to the limited accessibility of the complete report, a full understanding of the dynamics is unattainable. However, the partial picture derived from the information at hand points towards normalized organization operations underlining significant contextual shifts.