International Commercial Courts in the Litigation Market

by
Prof. Dr. Marta Requejo Isidro

MPILux Working Paper 2 (2019)

Abstract: International commercial courts are neither exclusive to this millennium nor to a particular part of the globe, although it is true that they have proliferated recently, especially in some geographical areas. Courts of this type have been recently set up in Asia and the Middle East; in Europe, initiatives have been taken in Paris, Dublin, Rotterdam, Frankfurt; another is on its way in Brussels. While all international commercial courts aim at offering a legal service suitable for international commercial disputes, their individual origins respond to specific causes resulting on unique features which in turn bear heavily on the stakeholders’ preferences when choosing a dispute resolution mechanism (whether arbitration or a commercial court, and which one among the latter).

Keywords: Commercial cross-border litigation; litigation market; international commercial courts; international arbitration