OBSERVARE
Universidade Autónoma de Lisboa
e-ISSN: 1647-7251
VOL. 17, N.º 1
May 2026
658
NOTES AND RELECTIONS
SHAPING GLOBAL RELATIONS THROUGH INTERNATIONAL
ARBITRATION: RECENT TRENDS AND OPTIONS
MISHA BAHMANI
drmishabah@gmail.com
Assistant Professor in IILM University, Gurugram, India. She was awarded doctorate of
philosophy from Guru Gobind Singh Indraprastha University, Delhi (India). Her academic and
research interests lie in the domain of International Commercial Arbitration, Alternative Dispute
Resolution, Cyber Law, and Environmental Law. She completed her Master’s in Law from Queen
Mary University of London and the National Law School of India University. Her doctoral research
specializes in the domain of International Arbitration. https://orcid.org/0009-0005-3131-5034
The nations across the globe continue to struggle due to lasting impact of Covid-19
pandemic. This has resulted in the weakening of the commercial relationship between
the countries. To enhance investors’ participation, it is must that its dispute resolution
mechanism should be effective in reality. International arbitration has been a great
support in strengthening relationships with investors. Unfortunately, this pandemic has
disrupted many nations’ FDI inflow in the last two years. The 2022’s FTI Consulting report
has reflected on the changes which have been incorporated into the international
arbitration practice after this pandemic.
This paper will demarcate the current trends which have been followed across different
industries and geographies to indulge in international arbitration practice. Queen Mary’s
2021 International Arbitration survey has shown the various factors which have affected
the positioning of the destination seat”. Welcoming technology in arbitration would be
beneficial for accepting it as the mode for settling disputes. This will guide the nations in
improving their performance and will be maintaining their contractual obligations. The
developing economies must indulge in such practices to overcome their challenges. By
maintaining ethnic diversity and security the parties would be able to maintain
international standards for fostering global relations.
Introduction
Since the world is hit by economic and financial loss by the Covid-19 pandemic investors’
participation has been very limited. With a huge amount at stake, the cross-border
relationship has been impacted by this pandemic which has resulted in disputes between
the parties. International arbitration practice has been beneficial in resolving matters
confined to trade activities. To maintain and enhance GDP it is essential to indulge in
those activities which are useful in maintaining economic balance. The World Bank has
JANUS.NET, e-journal of International Relations
e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
659
reflected that in 2022 the world trade volume will be surging to almost seven percent.
1
IMF data has depicted that cross-border trade concerning goods would rise to seven
percent. This demarcates that it is crucial that FDI inflow should be improved to enhance
the financial stability of the nations.
2
The filing of international arbitration has been
affected by this pandemic. There has been a surge in the average value of claims in 2020.
For instance, the German Arbitration Institute in 2020 recorded the average value of
claims to EUR 13.9 million as compared to EUR 3.8 million four years back.
3
Unfortunately, due to a lack of transparency and inconsistency, there has been difficulty
in tackling investment matters.
The 2020’s Queen Mary survey has demarcated that ISDS requires changes for more
efficiency which has gained seventy-five percent acceptance from the investors.
4
This
shows that resolving investor and State matters mode of dispute resolution has been
playing a meaningful role worldwide. Post-Brexit has resulted in the formation of a new
agreement between the EU and the UK to enhance investor participation.
5
To maintain
economic standards, it is symbolic to maintain growth in international arbitration
practice. The 2021’s International Arbitration survey has reflected the current adaption
and the upcoming changes which are preferred by the users. This survey depicts the
trends which are prevailing in the business community to resolve their commercial
disputes. For instance, London and Singapore are among the most approachable seat for
arbitration lately. To maintain neutrality judicial support has been beneficial which has
resulted in proper award enforcement.
6
In the near future client meeting by online mode
and encouraging the practice of paperless work to require the assistance of trained
persons to attain its sustainable development goal.
7
Before this pandemic international
arbitration was still considered to be the preferred way for solving cross-border matters.
Forty-eight respondents supported this viewpoint in 2018’s Queen Mary survey.
8
To
attain the goal of speedy relief, privacy, enforceability, flexibility, and neutrality this
practice is appreciated worldwide.
9
Geographies
Sadly, UAE legal system has been lacking in establishing a federal arbitration law. There
have been circumstances that reflect that the court has received uneven applications and
1
IMF, WORLD ECONOMIC OUTLOOK xvi (1
st
ed. 2021).
2
World Investment Report 2021, UNCTAD, (2021), https://unctad.org/system/files/official-
document/wir2021_en.pdf.
3
International Arbitration after the pandemic, FTI CONSULTING, (2022), https://www.fticonsulting.com/-
/media/files/emea--files/insights/reports/2022/apr/international-arbitration-after-
pandemic.pdf?rev=99711bd4cbed4c0aac79a728e96a7144&hash=434F6C319A7AC48D1943F0AC3A3B1F75.
4
2020 QMUL-CCIAG Survey: Investor’s perceptions of ISDS, ARBITRATION QMUL, (2020),
https://arbitration.qmul.ac.uk/media/arbitration/docs/QM-CCIAG-Survey-ISDS-2020.pdf.
5
Kirstin Schwedt et al., Investment protection in the EU-UK trade and cooperation agreement, KLUWER
ARBITRATION BLOG (Jan. 9, 2021), http://arbitrationblog.kluwerarbitration.com/2021/01/09/investment-
protection-in-the-eu-uk-trade-and-cooperation-agreement/.
6
2021 International Arbitration Survey: Adapting arbitration to a changing world, ARBITRATION QMUL, (2021),
https://arbitration.qmul.ac.uk/media/arbitration/docs/LON0320037-QMUL-International-Arbitration-Survey-
2021_19_WEB.pdf.
7
Id.
8
2018 International Arbitration Survey: The Evolution of International Arbitration, ARBITRATION QMUL, (2018),
https://arbitration.qmul.ac.uk/media/arbitration/docs/2018-International-Arbitration-Survey-report.pdf.
9
Id.
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e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
660
enforcement proceedings have been time-consuming.
10
This shows UAE’s legal
framework governing arbitration practice hasn’t been insufficient in addressing modern
arbitration practices.
11
The setting up of “Dubai International Financial Centre” along with
LCIA and “Emirates Maritime Arbitration Centre” shows a well-organized initiative to
have better performance. In 2019 there has been a twenty-nine percent surge in the
number of cases filed which shows better performance than the previous year.
12
Recently
in 2021, an ICC case management office has been opened in their global market.
13
Since
a year has passed it has been managing ICC arbitration users in the GCC. Due to the
Covid-19 impact and economic influence, there has been a surge in cases in GCC which
are required to be handled with care for maintaining their damages viewpoint.
Under the African practice, there has been a jump in the number of cases that have been
resolved through the arbitral centers. Welcoming acceptance has been given to
arbitration mode for resolving disputes by the parties. There has surge in arbitral centers
in Africa which shows that this mode is gaining recognition in this nation. The lawyers
have been indulged in attaining the skills which are essential for the successful delivery
of arbitration practice.
14
There are several States which are following the BITs and are
facilitating resolving the disputes between the investors and States by this mode. Being
a signatory to ICSID many states are obeying its guidelines.
15
There have been twenty-
seven percent progress in the registered cases by following this Convention and its facility
rules.
16
This shows that the parties from this nation’s States have increased to seven
percent and have indulged in ICC arbitration practice.
17
The European practice reflects that disputes concerning the UK and EU are governed by
the Hague Choice of Court Agreements Convention”. After departing from the EU now
the UK still follows this framework for having court judgment enforcement. Although it
has its limitation as it applies only to the exclusive jurisdiction clauses.
18
London is a
“destination seat” and is in process of introducing trade agreements it would be required
to be observed if they cover ISDS than relying on BITs for protection.
19
With well-
established centers, the UK has been a preferable option for the parties. As there has
10
Supra note 3.
11
H Al Mulla and A Mackenzie, UAE approves New Federal Law on Arbitration, GLOBAL ARBITRATION NEWS
(Mar. 19, 2018), https://www.globalarbitrationnews.com/2018/03/19/uae-approves-new-federal-law-on-
arbitration/.
12
Supra note 3.
13
ICC Court to open 5
th
oversea case management office in ADGM, ICCWBO (Dec. 21, 2020),
https://iccwbo.org/media-wall/news-speeches/icc-court-to-open-5th-overseas-case-management-office-in-
abu-dhabi-global-market/.
14
M Ostrove et al., Developments in African Arbitration, GLOBAL ARBITRATION REVIEW (May 10, 2018),
https://globalarbitrationreview.com/review/the-middle-eastern-and-african-arbitration-
review/2018/article/developments-in-african-arbitration.
15
Hartwell, Norton Rose Fulbright International Arbitration Report, NORTON ROSE FULBRIGHT, (2019),
https://www.nortonrosefulbright.com/-/media/files/nrf/nrfweb/knowledge-
pdfs/emea_15747_newsletter__international-arbitration-report-_issue-
13.pdf?revision=&revision=4611686018427387904.
16
The ICSID Caseload- Statistics: Issue 2021-1, ICSID WORLD BANK, (2021),
https://icsid.worldbank.org/sites/default/files/publications/The%20ICSID%20Caseload%20Statistics%20%28
2021-1%20Edition%29%20ENG.pdf.
17
ICC Dispute Resolution 2020 Statistics, NYIAC, (2020), https://nyiac.org/wp-content/uploads/2021/09/ICC-
Dispute-Resolution-2020-Statistics.pdf.
18
Supra note 3.
19
International Arbitration in 2021, FRESHFIELD BRUCKHAUS DERINGER, (2021),
https://www.freshfields.com/4925a6/globalassets/our-thinking/campaigns/arbitration-
10kt/08486_pg_dr_international-arbitration_interactive_aw.pdf.
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e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
661
been a surge in the caseloads performed by these centers.
20
They are not only confined
to Covid-19 concerned matters but they are covering issues confined to ESG matters
too.
21
There have been changes introduced in the arbitral rules of LCIA and ICC which
shows these centers are keeping themselves updated despite having a competition with
other centers.
22
In the North American context recently the USMCA has been introduced and NAFTA has
been replaced by it.
23
As per the new practice now USMCA has provided ISDS a limited
approach to some sectors and it is not providing between the US and Canada. This
agreement gives a restricted scope concerning investment protection confined to Mexico
and the US. Although it is not facilitating foreign investors which is a matter of concern
as it is limited to NAFTA. With the Covid-19 pandemic, there has been the utilization of
technology to perform the procedure. The remote hearing has been welcomed across the
nation it can be seen even today that this practice is still in continuation.
24
Interestingly, Brazil has been among the Latin nations which have been contributing the
second highest nationality where parties have shown their participation in ICC cases.
There has been a climb in arbitral institutions and as a result of ICC’s office and case
management, their performance has been improved.
25
The EU- Mexico free trade
agreement has been brought into practice which will be beneficial for the appealing
process and transparency in the arbitration mechanism.
26
Recent Trends
Under the energy sector, it has been noted that forty-one percent of cases were
considered under ICSID. Twenty-six percent of the caseload in LCIA is confined to this
sector.
27
Since European nations have increased their energy transition there have been
changes brought in the real practice which has resulted in a surge in disputes. Switching
to gas, the conflict between Ukraine and Russia has impacted the relationship in this
sector. The primary energy has become costly and the contractual obligations have
changed after these unfriendly events. Due to fluctuations in energy prices, there has
been a surge in investment and contractual disputes. With stranded assets and
participation, the sector is exposed to more risks and failures which has resulted in
unhealthy ends. Maintaining the practice of healthy climate change the governments are
making amendments to their policies which have contributed rise in global disputes.
28
Due to social distancing and restrictive movement during this pandemic there has been
a surge in material prices, profits have been reduced and financial instability has arisen
20
Supra note 3.
21
Id.
22
Trends in International Arbitration, BURFORD CAPITAL (2022),
https://www.burfordcapital.com/insights/insights-container/burford-quarterly-2022-arbitration-trends/.
23
Supra note 3.
24
Id.
25
Alison Ross, ICC opens hearing centre in Sao Paulo, GAR (Mar. 16, 2018),
https://globalarbitrationreview.com/article/icc-opens-hearing-centre-in-sao-paulo.
26
EU and Mexico announce the Finalization of an updated Free Trade Agreement, AKINGUMP (Apr. 29, 2020),
https://www.akingump.com/en/news-insights/eu-and-mexico-announce-the-finalization-of-an-updated-free-
trade-agreement.html.
27
LCIA Annual Casework Report 2020, LCIA (2020), https://www.lcia.org/News/lcia-news-annual-casework-
report-2020-and-changes-to-the-lcia-c.aspx.
28
Supra note 3.
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e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
662
under the activities of this sector. Financial distress has impacted cross-border
construction projects which have resulted in a climb in construction disputes.
29
It is
expected that in the coming years under the natural resource sector there would be a
rise in resource nationalism.
30
This would result in the highest risk under this aspect as
these resources are now under government control. The policies and regulations are
formulated in such a manner that future projects would come across resource nationalism
at its extreme. While focusing on ESG it is expected that the supply and its security would
be affected. For instance, in the mining sector, there are chances that there would
increase in matters related to this sector.
31
This shows that geographical competition
would rise due to the difficulties which have arisen due to this pandemic. The 2022’s FTI
Consulting report depicts that there will be an imbalance of power, complexity in
agreements and joint ventures, and investment participation will be affected under such
circumstance arbitration practice would be a great support to resolve their concern.
32
In sectors such as the financial market due to the complexity of the disputes, arbitration
has been preferred since the arbitration clause has been the common practice under
financial matters. Brexit and LIBOR interest discontinuation after this pandemic has
resulted in a surge in participation in the travel and financial market which has considered
arbitration to resolve their issues. Matters confining to confidentiality, specialized
arbitrators, and speedy redressal have been among their prime concerns. With a panel
of recognized international market experts in the finance sector, it has published its new
arbitral rules for maintaining commercial ethics.
33
This reflects that international
arbitration forums are beneficial in governing financial instrument documentation.
Significantly, with the support of the national legal framework IP rights, it becomes the
responsibility to handle multi-State matters to safeguard these rights. ADR guidelines by
WIPO have contributed to solving these matters through expert determination,
mediation, and good offices.
34
The 2022’s FTI Consulting report states that license fee
matters would be considered to be resolved by international arbitration as it involves a
huge amount at stake concerning the patents.
35
Further, ICDR has allowed the tribunal
to set the arbitration’s cost and apportion that reflects the arbitrators under this would
be compensated by hourly rate.
36
The ICC court plays a remarkable role in ensuring the
ICC’s rules implementation through arbitration.
37
29
Supra note 3.
30
J Blanco and M P Machado, Resource Nationalism surges in 2020, Covid-19 worse outlook, MAPLE CROFT
(Mar. 4, 2021), https://www.maplecroft.com/insights/analysis/resource-nationalism-surges-in-2020-covid-
19-worsens-outlook/.
31
Resourcing the Energy Transition: Making the World go round, KPMG INTERNATIONAL (2021),
https://home.kpmg/ky/en/home/insights_new/2021/03/resourcing-the-energy-transition.html.
32
Supra note 3.
33
Ian McDonald et al., Prime time for updated arbitration rules for financial disputes? A review of the P.R.I.M.E
Financial Arbitration Rules 2022, MAYER BROWN (Jan. 5, 2022),
https://www.mayerbrown.com/en/perspectives-events/publications/2022/01/prime-time-for-updated-
arbitration-rules-for-financial-disputes-a-review-of-the-prime-finance-arbitration-rules-2022.
34
WIPO Caseload Summary, WIPO (2021), https://www.wipo.int/amc/en/center/caseload-2021.html.
35
Supra note 3.
36
IDRP art. 37 (2021).
37
David Salton, Recent trends in International Arbitration and 2021 International Rule, CONSTRUCTION LAW
JOURNAL 81, 83 (2022).
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e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
663
Current Options
The 2021’s Queen Mary survey depicts that ninety percent of the respondent have
preferred international arbitration mode for resolving cross-border matters. This shows
that the support of local courts and judicial encouragement has been made to prevail
neutrality and impartial practice in the legal system. Making the arbitration rules and
institutions inviting requires administrative support.
38
Thirty-two percent of respondents
have agreed that with administrative strengthening the virtual hearings will become more
approachable.
39
This survey has shown that to make institutions or rules alluring for the
users it is essential that there should be arbitrators belonging to different diversity.
Twenty-four percent of the respondent have consented that with the support of a well-
structured procedure multi-party and complex matters can be taken into consideration.
By incorporating provisions for conducting in-person and virtual hearings the arbitral
process will be smoothly conducted. In this survey, twenty-three percent of the
respondent supported this viewpoint. Twenty percent of the respondent have stated that
by having adequate electronic filing and document-sharing facilities the process can be
more convenient. Interestingly, it is suggested that there should provision confining to
expedited procedures. Almost twenty-five percent of the respondent supported this
change should be introduced in the practice. There should be cost sanctions related to
delay by the arbitrators which have been recommended by twenty-one percent of the
respondent in this survey. To enhance the case management practice rules should be
made to provide power to the arbitrators. This shows parties’ and counsel’s behavior has
to be as per the directions of these rules.
40
These are the choices that are reflected recently by this survey to make international
arbitration practice flexible and party autonomy prevails properly. The adaption requires
to be a welcoming step to enhance cross-border transactions. In this, the respondent has
expressed their concern about avoiding having lengthy written submissions. Sixty-one
percent of respondents agreed with this approach. Thirty-eight percent supported the
concern that while addressing procedural matters oral hearing can be excluded.
41
To
sacrifice the practice of document production was agreed by the twenty-seven
respondent. This survey has shown that in-person hearing can be less encouraged.
Twenty percent of respondents shared that now users are similar to virtual hearing. There
should be a removal of early case management conferences. Fifteen percent supported
the view that there should be no cross-examination. Further, thirteen percent said no to
party-appointed experts as it can be used as a mode for creating pressure. In this survey,
it has highly suggested that to maintain flexibility it is essential to be cost friendlier steps
to have greater efficiency. There has been an improvement in gender diversity. Fifty-six
percent of respondents agreed that this has been beneficial for maintaining impartiality
and neutrality in the process.
42
Encouragement has been made to utilize cloud-related storage. Among them, eighty-
seven percent agreed that if offline hearing can’t take place online would be preferred.
43
38
Supra note 6.
39
Id.
40
Supra note 6.
41
Supra note 6.
42
Id.
43
Supra note 6.
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e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
664
Such a process has resulted in maintaining greater efficiency, and diversity in the arbitral
process. Due to online hearings, the arbitrators can attain dates and in this survey, sixty-
five percent of respondents supported it. There is a need to focus on the adoption of soft
laws which promote the practice of green arbitration. The “green pledge” needs to take
seriously by the arbitrators. Carbon offsetting requires to be reduced which can be
possible if there is less traveling and more hearing by online mode.
44
Challenges
Unfortunately, one-third of the respondent have expressed their concern that there is a
requirement to improve ethnic diversity. It is the responsibility to carry the onus of
enhancing diversity through their arbitrator choices. Since still thirty-four percent have
emphasized that there is no growth done concerning ethnic diversity reflects that there
is a necessity to have improvement.
45
It is found that AI still requires improvement in
arbitration practice. Users were forced to adapt to online hearing during the Covid-19
pandemic. One needs to understand that AI can’t substitute for human arbitrators as
well as counsel. There is a requirement to maintain confidentiality and cybersecurity
needs to prevail properly. The arbitrators online do come across online disturbances while
proceeding with the online mode. Due to variations in time zones arranging the online
hearing has been a difficult task. Virtual hearing has its difficulties during and after this
pandemic.
46
To improve visibility, it is essential to indulge in awareness camps focusing on promoting
and educating students. To build proper visibility more mentoring programs should be
organized to train the arbitrators.
47
Appointing authorities as well as institutions that
follow an express policy for incorporating suggestions and appointing candidates
belonging to larger diversity should be given the responsibility of an arbitrator. In 2021’s
Queen Mary survey fifty-nine percent of respondents admitted to this practice and forty-
six have shown their consent that there should be counsel which would emphasize
engaging the clients to appoint arbitrators belonging to greater diversity.
48
To keep
interactions engaging forty percent of the respondent have agreed to conduct substantive
hearings in person and virtual way. Of this sixty percent have supported that post covid
client meetings would take place in offline and online modes. This depicts that the best
interest of the client should be the priority of the arbitrators to follow any form the
arbitration practice. There is a need to have reliability on technology, be environment
friendly, express provisions in rules and laws to provide recognition to online hearings,
and good quality hearings are the fundamental requirements which are required to be
fulfilled in near future.
49
44
Id.
45
Supra note 6.
46
Supra note 6.
47
Id.
48
Supra note 6.
49
Id.
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e-ISSN: 1647-7251
VOL 17, Nº. 1
May 2026, pp. 658-666
Shaping Global Relations Through International Arbitration: Recent Trends and Options
Misha Bahmani
665
Future Trends
To make a nation arbitration friendly there are countries that are encouraging resolving
ESG matters. It is expected that with a surge in contractual disputes in near future it can
be under this ambit. The disputes between States and investors focusing on ESG aspects
are among the new trends in international arbitration practice.
50
Also, in the future third-
party funding is expected to enhance its strength. There is a need to have clarity
concerning alternative means for maintaining investors’ protection. With an objective to
maintain standards ICCA’s Guidelines and Code of Conduct meant for Adjudicators
concerning global investment matters are published recently in 2021. This encourages
the practice to maintain uniformity in its implementation. By creating awareness about
the investment treaty focus has been made on encouraging a platform for their
protection. It has welcomed blockchain, AI, and cryptocurrency matters which can be
addressed under tech issues through arbitration. Investment treaties are helpful in
creating a developed banking community that can prevail by incorporating arbitral
procedures in these matters. Since there has been involved in renewable as well as low
carbon projects if an issue arises it can be addressed under the ambit of construction
arbitration which in the coming years requires assistance while focusing on new
technology and its impact on the climate. This display that it is predicted that these
practices will be constructive in strengthening international arbitration practices across
the globe.
51
This shows that in the future the clients and the arbitration community
would be engaging in these trends in much more depth and would have their own
challenges with the passage of time which requires adequate monitoring and
implementation of the new rules to maintain investors friendly relationships.
There has been a surge in caseloads which has indulged arbitral institutions in initiating
funding and focused on adopting financial rules globally. For instance, ACICA has
welcome third-party funding. A reasonable disclosure rule meant for third-party funding
has been adopted by ICC. In nations like Latin America, the ECLAC has estimated that
there will be a fall in its average growth in 2021. For nations that are facing oil and gas
issues such as Bolivia and Venezuela, it is expected these disputes can be resolved by it.
Due to complex issues and investors’ protection international arbitration would be a great
support.
52
To be a “destination” seat international arbitration must have effective
sanctioning during the arbitral process and power should be vested in third parties.
53
Providing recognition to the seat and maintaining an impartial practice in the local legal
mechanism would be beneficial in making a seat desirable.
54
Conclusion
The Covid-19 pandemic has brought instability and has led to restrictions in supply which
have resulted in the cancellation and postponement of projects. Since most of the sectors
were badly affected by this pandemic the parties weren’t able to fulfill their contractual
obligations. This has resulted in impacting the connectivity between them. As a result,
50
Ashley Jones, International Arbitration in 2022: Top Trends, LEXOLOGY (Feb. 7, 2022),
https://www.lexology.com/library/detail.aspx?g=41db7bca-0ee0-4685-9250-22cdcaf5e399.
51
Supra note 50.
52
Supra note 22.
53
Supra note 8.
54
Id.
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Shaping Global Relations Through International Arbitration: Recent Trends and Options
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there has been a surge in these matters, and the relationship between the investor with
the State has been put at stake. Cross-border issues are expected to have risen and
international arbitration will be the most preferred way to resolve these disputes. The
“new normal” practice has been welcomed worldwide across many nations which have
considered this method to be efficient and cost friendlier to facilitate its process. With a
rise in complexity in the economy in the near future, the output and investment flow are
expected to get worse under such circumstances arbitral institutions would play a
significant role.
55
There has been a surge in international arbitration filing till 2020 but
unfortunately, with this pandemic, the FDI flow has fallen and the nations are now making
an effort to recover from its impact. With the reform of ISDS and EU emphasis has been
made on establishing an investment court which would be beneficial for gathering growth
in international commercial activities.
56
With 2021’s ICC rules emphasis has been made
on preventing conflicts of interest. This has resulted in developing the relationship
between the arbitrators as well as new representatives.
57
In the arbitral panel, there is a
need to promote diversity for which among the counsel team there is a requirement of
promoting diversity.
58
Users should be updated with transformative technology. The
green arbitration practice would be beneficial in attaining the goal of sustainability. To be
a desirable seat it is necessary that the seat must comply with all the valuable traits of
international arbitration which would promote addressing cross-border issues amicably.
AI utilization has been appreciated globally for specific tasks for enhancing international
relations
59
.
How to cite this note
Bahmani, Misha (2026). Shaping Global Relations Through International Arbitration: Recent Trends
and Options. Janus.net, e-journal of international relations. VOL. 17, Nº. 1, May 2026, pp. 659-
666. DOI https://doi.org/10.26619/1647-7251.17.1.02
55
Supra note 3.
56
Id.
57
Salton, supra note 37.
58
Supra note 6.
59
Annual Arbitration Survey 2023: The rise of machine learning, BCLP (2023),
https://www.bclplaw.com/a/web/tUW2SW6fjHrpXVrA7AfWkS/102932-arbitration-survey-2023-
report_v10.pdf .