The Chambers Litigation 2022 Guide provides the latest legal information on litigation funding, initiating a lawsuit, pre-trial proceedings, discovery, injunctive relief, trials and hearings, settlement, damages and judgment, appeals, costs, alternative dispute resolution, arbitration and the impact of COVID-19.
Gary Born, chair of the International Arbitration Group at Wilmer Cutler Pickering Hale and Dorr LLP, and Senior Associate Matteo Angelini are contributing authors.
Excerpt: International commerce continues to undergo a period of rapid and tumultuous change. According to the World Trade Organization, the volume of world merchandise trade plunged 15% year-on-year in the second quarter of 2020 as countries around the world imposed lockdowns and travel restrictions to limit the spread of COVID-19. However, 2021 has seen a resurgence of global economic activity, which lifted global merchandise trade volumes above its pre-pandemic peak. This massive volatility in global trade volumes, combined with the stop-start nature of the global recovery, has led to serious global supply chain disruptions and a wave of international litigation.
