Australia could embrace arbitration in the next year in line with the rest of the world.
Australian international arbitrations are set to increase in the next year, according to Jo Delaney, a partner in Baker & McKenzie's Sydney office. She told Lawyers Weekly that Australia was finally starting to see the growth in international arbitration that has been occuring in the rest of the world for some time. She told the publication that in other parts of the world, arbitration was one of the main forms of dispute resolution that parties consider with many global clients preferring to go the arbitration instead of litigation. However, she said: 'In Australia, in the past, we have an efficient court system. However, as we see more cross-border transactions we're seeing more of our clients agreeing to arbitration clauses in contracts. As a consequence, we're seeing more and more commercial and construction arbitrations.'