Louis N. Kizito Profile picture
Lawyer»finance»emerging trends»Need I say More
Aug 24, 2023 15 tweets 3 min read
40% of commercial Arbitration in the world is done in London. This Bitature V. Vantage scenario is not unique. People of different nationality in commercial contacts can choose a neutral Location for arbitration. Let me break down arbitration & its importance in a thread:
1/ Imagine a scenario where a french company enters a contact with a Kenyan agency, that has Ugandan suppliers to do business in Uganda; neither the French, nor the Kenyan company will trust the judiciary of the other company's country: so they resort to international arbitration
2/