Sir Peter Cresswell

London - a leading centre for dispute resolution◦ Highly competitive international market◦ No reason for complacency

A full range of dispute resolution services◦ The Commercial Court/Chancery Division◦ Arbitration◦ Expert Determination◦ Adjudication◦ Mediation

By◦ Persons who are undoubtedly independent◦ Within a reasonable time◦ At a reasonable and proportionate cost

The amount of consideration on sale and purchase of businesses and companies

Valuation of shares in private companies Partnership disputes Swaps and derivatives Letters of credit DOCDEX Rent reviews

Who influences the use of clauses in contracts providing for expert determinations?◦ The transactional lawyers◦ The commercial parties

Ad hoc references post dispute Statistics?

Reasons? Time? Cost? The desirability of businesses solving disputes

quickly

Legal advice for the expert Generally no formal hearing Parties appointing their own additional experts to

be discouraged

Academy of Experts ED RulesICC Expertise Rules

The dispute resolution landscape is changing London – a leading centre for dispute resolution A full range of dispute resolution services

◦ The Commercial Court/Chancery Division◦ Arbitration◦ Expert determination◦ Adjudication◦ Mediation

By◦ Persons who are undoubtedly independent◦ Within a reasonable time◦ At a reasonable and proportionate cost

Who promotes London?