Whilst the general use of international arbitration as a dispute resolution mechanism has risen globally in recent years, financial institutions have traditionally been more hesitant to take their disputes out of national courts and place them in the hands of arbitral tribunals. The ICC published a report on 9 November 2016 on its findings regarding current perceptions and attitudes within the international financial services sector towards arbitration, along with its recommendations for improving the experience of users in the industry.

This legal update highlights some of the key messages of the report that may be of interest to financial institutions considering whether recent innovations have made international arbitration a more attractive means of resolving disputes for financial institutions.
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