The July 2020 issue of Mealey’s International Arbitration Report features expert commentary on areas of the world that are likely to become “hot spots” for arbitration. The article, “International Arbitration Experts Discuss The Future Of Arbitration,” includes commentary from Peter Halprin:
It may come as a surprise to some, particularly in light of Brexit, but I see London becoming a hot seat for future arbitration. The reason for this prediction is that many U.S. policyholders buy insurance policies from the London Market, particularly syndicates of Lloyd’s of London. Many of these policies require arbitration in London (though Bermuda and Canada are sometimes options as well). Given the explosion of COVID-related insurance litigation in the United States and around the world, it is highly likely that there will be a parallel flurry of insurance and reinsurance arbitrations in London. These arbitrations are likely to revolve around commercial property and event cancellation insurance, though COVID-related disputes in other areas of insurance and reinsurance may also see a spike in activity.
Download this article in Mealey’s International Arbitration Report here.