When negotiating international agreements, in-house counsel of multinational corporations routinely insert provisions requiring that disputes between the parties be settled through arbitration rather than litigation. For in-house counsel, the predictability offered by established arbitration forums far outweighs any potential negatives. Historically, arbitration clauses call for arbitration proceedings to take place in cities such as New York, London, Paris, Hong Kong and Singapore. With the recent establishment of the Atlanta International Arbitration Society (ATLAS), however, Atlanta’s standing as a compelling site for international arbitration proceedings is strengthened, and counsel should consider the city when drafting commercial arbitration provisions.
Advantages of international arbitration