Efficiency in International Arbitration: An Economic Approach – Vol. 23 No. 1

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Author: Robert B. Kovacs*

Published: August 2012


Efficiency in international arbitration appears to be one of most pressing issues currently facing the international arbitration community. For at least two decades concerns have been voiced that international arbitration is becoming too slow, too formalized and too expensive. There seems to be a growing chorus of discontent from the users or “consumers” of international arbitration regarding the time (and associated cost) it takes to conduct international arbitrations. As …

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*LLB (Hons) B.Com. Lawyer, Clayton Utz, Melbourne, Australia. PhD candidate, University of Geneva. Co-Chair International Law Section Committee of Law Institute of Victoria. Australian Representative of Australasian Forum for International Arbitration. Treasurer of Victorian Chapter of International Law Association. Research for this article was completed with the support of a grant from the Swiss National Science Foundation.