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CORPORATE ADVISOR HANDBOOK LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 Published by Financier Worldwide 23rd Floor, Alpha Tower Suffolk Street, Queensway Birmingham B1 1TT United Kingdom Telephone: +44 (0)845 345 0456 Fax: +44 (0)121 600 5911 Email: info@financierworldwide.com www.financierworldwide.com Copyright © 2016 Financier Worldwide. All rights reserved. Corporate Advisor Handbook • June 2016 LITIGATION & ALTERNATIVE DISPUTE RESOLUTION No part of this publication may be copied, reproduced, transmitted or held in a retrievable system without the written permission of the publishers. Whilst every effort is made to ensure the accuracy of all material published by Financier Worldwide, the publisher accepts no responsibility for any errors or omissions, nor for any claims made as a result of such errors or omissions. This publication contains Attorney Advertising. Views expressed by contributors are not necessarily those of the publisher. Any statements expressed by professionals in this publication are understood to be general opinions and should not be relied upon as legal or financial advice. Opinions expressed herein do not necessarily represent the views of the author’s firms or clients or of any organisations of which the author is a member. CORPORATE ADVISOR HANDBOOK LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 CONTENTS PROFESSIONAL ADVISORS: COUNTRY CHAPTERS ...............................004 FOREWORD .............................................................................................007 INTRODUCTION .....................................................................................008 INDEX BY PROFESSIONAL ...................................................................091 INDEX BY FIRM .......................................................................................094 INDEX BY CITY ........................................................................................097 LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 P R O F E S S I O N A L A DV I S O R S C O U N T R Y C H A P T E R S A U S T R A L I A . . . . . . . . . . . . . . . . . . . 1 3 B E L G I U M . . . . . . . . . . . . . . . . . . . . 1 5 B R A Z I L . . . . . . . . . . . . . . . . . . . . . 1 7 C A N A D A . . . . . . . . . . . . . . . . . . . . 1 9 C A Y M A N I S L A N D . . . . . . . . . . . . . . . . 2 4 C H I L E . . . . . . . . . . . . . . . . . . . . . . 2 6 C Y P R U S . . . . . . . . . . . . . . . . . . . . . 2 8 E S T O N I A . . . . . . . . . . . . . . . . . . . . 3 1 F R A N C E . . . . . . . . . . . . . . . . . . . . . 3 3 G R E E C E . . . . . . . . . . . . . . . . . . . . . 3 5 H O N G K O N G . . . . . . . . . . . . . . . . . . 3 8 4 CORPORATE ADVISOR HANDBOOK www.financierworldwide.com �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 LLIITTIIGGAATTIIOONN && DDIISSPPUUTTEE RREESSOOLLUUTTIIOONN 22001133 XXXXXXXXXXXXXXXXXXXXXXXX [[FFIIRRMM NNAAMMEE]] [[FFIIRRMM TTYYPPEE]] [[wweebbssiittee]] FFIIRRMM DDEESSCCRRIIPPTTIIOONN xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx I TA L Y . . . . . . . . . . . . . . . . . . . . . . 4 0 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[NNaammee]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[PPoossiittiioonn]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[LLooccaattiioonn]] J A P A N . . . . . . . . . . . . . . . . . . .xx xxxx.xx xxxx.xxxx xxxx.xxxx4xxxx2xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[TTeelleepphhoonnee]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[EEmmaaiill]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M E X I C O . . . . . . . . . . . . . . . . . .xx xxxx.xx xxxx.xxxx xxxx.xxxx4xxxx4xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxRxxxxxxExxxxPxxxxUxxxxxxBxxxxLxxxxxxIxxCxxxxxx xxOxxxxxxxxFxxxx xxKxxxxxxOxxxxxxRxxxxExxxxAxxxxxx xxxx.xxxx xx.xxxx xxxx.xx xxxx.xx xx. . . . . .xx xxxx.xx xxxx.xxxx xxxx.xxxx4xxxx8xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx S I N G A P O R E . . . . . . . . . . . . . . . .xx xxxx.xx xxxx.xxxx xxxx.xxxx5xxxx0xxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx S O U T H A F R I C A . . . . . . . . . . . . .xx xxxx.xx xxxx.xxxx xxxx.xxxx5xxxx2xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx S W E D E N . . . . . . . . . . . . . . . . .xx xxxx.xx xxxx.xxxx . 5 4 S W I T Z E R L A N D . . . . . . . . . . . . . . . . . 5 6 U N I T E D K I N G D O M . . . . . . . . . . . . . . 6 4 U N I T E D S TAT E S . . . . . . . . . . . . . . . . 7 7 V I E T N A M . . . . . . . . . . . . . . . . . . . . 8 9 wwwwwwwww...fififinnnaaannncicceiireewrrwworooldrrwllddiwwdeiidd.ceeo..mccoo mm CCCOOORRRPPPOOORRRAAATTTEEE AAADDDVVVIIISSSOOORRR HHHAAANNNDDDBBBOOOOOOKKK 11 577 LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 ABOUT FINANCIER WORLDWIDE Since 2001, Financier Worldwide has been providing valuable information on corporate finance and board-level business issues through its monthly print magazine and exclusive website content. As a leading publisher of news and analysis on this dynamic global market, the organisation has become recognised as a valued source of intelligence to the corporate community. For more information, visit www.financierworldwide.com. ■ 6 CORPORATE ADVISOR HANDBOOK www.financierworldwide.com �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 LLIITTIIGGAATTIIOONN && DDIISSPPUUTTEE RREESSOOLLUUTTIIOONN 22001133 XXXXXXXXXXXXXXXXXXXXXXXX [[FFIIRRMM NNAAMMEE]] [[FFIIRRMM TTYYPPEE]] FOREWORD [[wweebbssiittee]] Financier Worldwide presents its Litigation & Alternative Dispute ResoluFFtIIRRioMMn DD: EESSCCRRIIPPTTIIOONN xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Corporate Advisor Handbook 2016. This comprehensive publication conxxtxxaxxinxxxxsxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx detailed profiles of leading experts who help to resolve corporate and commerxxcxxixxaxxl xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx disputes. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[NNaammee]]Comprising lawyers, forensic accountants and consultants, this group of expertsxx xxhxxexxxxlpxxxxsxx txxhxxxxexxixxrxx xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[PPoossiittiioonn]] clients to navigate litigation, arbitration and mediation processes. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[LLooccaattiioonn]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[TTeelleepphhoonnee]] These experts have extensive experience representing clients in court proceedxxinxxxxgxxsxx,xx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[EEmmaaiill]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx domestic and international arbitration, mediated settlements and negotiations. Txxxxhxxexxxxyxx xxaxxrxxexx xxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxfxxrxxexxqxxuxxxxexxnxxtxxlxxyxx xxinxxvxxxxoxxlvxxxxexxdxx xxinxxxx xxdxxisxxpxxxxuxxtxxexxsxx xxrxxexxlaxxxxtexxxxdxx xxtoxxxx cxxxxoxxmxxxxmxxxxexxxxrxxcxxiaxxlxx axxxxgxxrxxexxexxmxx ents, intellectual pxxrxxoxxpxxxxexxrxxtxxyxx,xx xxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxpxxxxrxxoxxdxxuxxxxcxxtxx lxxiaxxbxxxxilxxitxxyxx,xx nxxxxexxgxxlxxigxxexxnxxxxcxxexx xxcxxlxxaxximxxxxsxx,xx xxcxxlaxxsxxsxx xxaxxcxxtxxioxxxxnxxsxx,xx xxdxxexxbxxxxt xxrxxexxcxxoxxxxvxxexxrxxy and insolvency, lxxaxxbxxoxxxxuxxrxx xxaxxnxxxxdxx xxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx employment, and antitrust issues, among others. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxTxxxxhxxexxxx fxxoxxrxxexxxxnxxsxxicxx xxaxxcxxcxxoxxxxuxxnxxxxtaxxnxxxxtxxs xxaxxnxxxxdxx xxexxxxxpxxexxxxrxxt xxwxxxxixxtnxxxxexxsxxsxxexxsxx xxinxxxx txxhxxixxsxx xxgxxrxxoxxuxxpxxxx axxdvise on issues suxxcxxhxx xxaxxsxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx forensic analysis, quantification of losses, fraud investigations and measuring finaxxnxxcxxixxaxxlxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx damages. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx These experts have acted for and advised public and private corporations, invesxxtxxmxxxxexxxxnxxtxx funds, directors and officers, government agencies, and industry groups, in addition to many other entities. Whether you are a business professional seeking advice on commercial disputes, or an advisor looking to expand your network by forging new relationships, this Handbook provides contacts with the experience to meet your needs. ■ wwwwwwwww...fififinnnaaannncicceiireewrrwworooldrrwllddiwwdeiidd.ceeo..mccoo mm CCCOOORRRPPPOOORRRAAATTTEEE AAADDDVVVIIISSSOOORRR HHHAAANNNDDDBBBOOOOOOKKK 11 777 LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 INTRODUCTION 8 CORPORATE ADVISOR HANDBOOK www.financierworldwide.com �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� �� �� �� �� �� �� �� �� �� �� �� ���� LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 LLIITTIIGGAATTIIOONN && DDIISSPPUUTTEE RREESSOOLLUUTTIIOONN 22001133 XXXXXXXXXXXXXXXXXXXXXXXX [[FFIIRRMM NNAAMMEE]] [[FFIIRRMM TTYYPPEE]] [[wweebbssiittee]] Although becoming embroiled in a dispute of any kind is an unfortunate and often FFIIRRMM DDEESSCCRRIIPPTTIIOONN extremely uncomfortable state of affairs for any corporate entity, it is a scenario xxthxxxxaxxtxx xxisxx,xx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx nevertheless, virtually unavoidable for those operating within the cutthroat business world. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx That said, should such a situation come to pass, businesses are no doubt comforted by xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx the knowledge that solutions to their predicament are available – chief among these being xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[NNaammee]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx recourse to litigation and alternative dispute resolution (ADR). [[PPoossiittiioonn]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[LLooccaattiioonn]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx [[TTeelleepphhoonnee]]Both methods of resolution – litigation and ADR – have their advocates, with thxxexx xxpxxlxxuxxsxxsxxexxxxsxx xxxxxxxxxxxxxxxxxxxxxxxxxx [[EEmmaaiill]] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx and minuses very much dependent on the situation at hand. Yet, in many cases,xx lxxixxtixxgxxaxxtxxixxoxxnxxxx ixxsxx xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxvxxiexxxxwxxxxexxdxx xxaxxsxx xxtxxhxxexx xxlaxxsxxtxx xxrxxexxsxxoxxrxxtxx xxfoxxxxrxx pxxxxaxxrxxtxxiexxsxx xxinxxxx xxdxxisxxpxxxxuxxtxxexx,xx txxhxxexxxx pxxxxexxrxxcxxexxixxvxxexxdxxxx advantages often pxxrxxoxxvxxxxinxxxxgxx xxtoxxxx xxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxbxxexx xxaxx xxdxxoxxxxuxxbxxlxxexx-xxexxdxxxxgxxexxdxxxx sxxwxxxxoxxxxrxxdxx.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx In the case of ADR, be it early neutral evaluation, negotiation, conciliation, medixxaxxtxxioxxxxnxx xxoxxxxrxx xxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxaxxrxxbxxixxtrxxaxxtxxixxoxxnxx,xx xxthxxxxexx xxinxxxxitxxiaxxlxx xxexxdxxgxxexxxx ixxtxx hxxxxaxxsxx xxisxx xxdxxuxxexxxx txxoxxxx txxhxxexxxx txxaxxcxxixxt xxuxxnxxxxdxxexxrxxsxxtxxaxxnxxxxdxxing that no dirty lauxxxxnxxdxxxxrxxyxx xxwxxxxilxxl xxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx be aired for public consumption. For many parties, the importance of the privacxxyxx xxaxxfxxfoxxxxrxxdxxexxxxdxx xxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx them by arbitration makes the process, like other forms of ADR, an obvious choice xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx when they are dealing with a dispute. It is generally assumed as a matter of commercial xxxxxxxxxxxxxxxx dealings that arbitration proceedings will be confidential and that is, in the most part, true. Arbitration is private in that third-parties who are not involved in the arbitration agreement cannot attend any hearings or play any part in the proceedings; however, the confidentiality offered to parties is not always so watertight. There are a number of considerations that parties entering into arbitration must take into account. Factors such as the choice of seat, wwwwwwwww...fififinnnaaannncicceiireewrrwworooldrrwllddiwwdeiidd.ceeo..mccoo mm CCCOOORRRPPPOOORRRAAATTTEEE AAADDDVVVIIISSSOOORRR HHHAAANNNDDDBBBOOOOOOKKK 11 977 LITIGATION & ALTERNATIVE DISPUTE RESOLUTION 2016 for example, can have a major bearing on the process. Be that as it may, what is certainly beyond doubt is that ADR, in all its forms, can be a valuable tool – an opportunity for parties to reach an amicable solution without recourse to litigation proceedings that are likely to prove lengthy and costly. As an example of the appeal of ADR, the 2014 Centre for Effective Dispute Resolution (CEDR) Audit found that, in the case of mediation, around 9500 civil and commercial mediation cases take place in the UK each year, with approximately 75 percent of these being settled on the day, with an additional 11 percent settled in the days thereafter. Crossing the pond, in the US, the use of mediation as an ADR mechanism has mushroomed, with figures compiled by the International Institute for Conflict Prevention & Resolution (CPR) indicating that success rates for this form of ADR generally fall within the 80 to 90 percent range. Arbitration in the US is a well-established means of dispute resolution, for both domestic and international disputes, much as it is in other most established dispute resolution centres. In London, for example, the legislative set up in the UK is somewhat pro-arbitration and as such the courts are supportive of the arbitration process. Germany, too, is home to an established arbitration community. However, the uptick in the use of arbitration and other forms of ADR is not limited to just traditional, and established seats. In areas such as Hong Kong and the UAE, arbitration has emerged as time and cost effective means of dispute resolution, which is acting as a 10 CORPORATE ADVISOR HANDBOOK www.financierworldwide.com
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