Construction disputes soar, along with use of arbitration finance
Summary
The construction industry continues to be in flux as it grapples with the effects of Covid-19, global supply chain and labor shortages, drastic inflation and the Russia-Ukraine war. Therefore, it is hardly surprising that the industry accounts for a significant portion of disputes across major global arbitration centers.
For example, in 2020, 20% of the ICC’s caseload came from the construction industry, driven largely by an increase in contractual and force majeure disputes.1 In addition to representing a significant number of disputes, construction claims are becoming larger a…
Provide your information below to view this page.
