Effect of Party Insolvency on Arbitration Proceedings: Pause for Thought in Testing Times
Article from: TDM 1 (2010), in International Commercial Arbitration
Introduction
The recent global recession has seen a marked rise in the number of corporate insolvencies. In the UK, first quarter 2009 insolvencies saw an increase of 56% on the same period a year earlier,[1] while mid-year expectations were that KPMG's prediction of 5,000 corporate insolvencies in 2009 would be met.[2] This experience has been echoed in the US where, for example, 52 banks failed in the first six months of the year followed by a further seven in one day in early July 2009.[3]
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Suggested Citation
J. Rogers; J.H. Sutcliffe; "Effect of Party Insolvency on Arbitration Proceedings: Pause for Thought in Testing Times"
TDM 1 (2010), www.transnational-dispute-management.com
URL: www.transnational-dispute-management.com/article.asp?key=1502
