A Commission co-chaired by Lord Woolf, which will look into how settlements can be used more effectively in international arbitrations, has named the 45 global organisations it will consult.
The commission, set up by the Centre for Effective Dispute Resolution (CEDR), has invited arbitration bodies from Europe and as far afield as Mexico, Thailand, China and Australia to present their views.
From the UK the Chartered Institute of Arbitrators has been asked to participate.
A CEDR spokesman said international arbitration has become a default method for resolving cross-border disputes, but is coming in for criticism for being slow and expensive, with low settlement rates.
“The commission will investigate the different approaches and make recommendations of how to settle disputes earlier and in a more cost-effective way,” added the spokesman.
The announcement comes a month after the CEDR commission was launched at Herbert Smith’s London office.
Alongside Woolf, Professor Gabrielle Kaufmann-Kohler will chair the commission.