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Construction disputes soar, along with use of arbitration finance

September 29, 2022
Christiane Deniger & Joe Durkin
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Summary

The construction industry continues to be in flux as it grapples with the effects of Covid-19, global supply chain and labor shortages, drastic inflation and the Russia-Ukraine war. Therefore, it is hardly surprising that the industry accounts for a significant portion of disputes across major global arbitration centers.

For example, in 2020, 20% of the ICC’s caseload came from the construction industry, driven largely by an increase in contractual and force majeure disputes.1 In addition to representing a significant number of disputes, construction claims are becoming larger a…

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