Matthew H. Adler Quoted in Law360 Article, 'Three Misconceptions GCs Hold About International Arbitration'
Matthew H. Adler, a partner and co-chair of Pepper Hamilton's International and Domestic Arbitration Practice Group and co-chairman of the Commercial Litigation Practice Group, was quoted in the January 29, 2018 Law360 article, "Three Misconceptions GCs Hold About International Arbitration."
“If you're doing a transnational contract and you think that you might be the claimant one day … then unless and until … the United States concludes the judgment-enforcement convention by which you could be assured that if you sue in court that judgment would be enforced in the other fellow’s forum, then arbitration is the only game in town because of the New York Convention," said Pepper Hamilton LLP partner Matt Adler, referring to the international agreement providing for the reciprocal enforcement of international arbitral awards.
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“International arbitration has increasingly become slower and more expensive, and it has absolutely taken on the trappings of big-style American discovery,” said Adler.
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Moreover, the total amount of time and money spent on an arbitration may end up being less in the long run because arbitral awards are typically final and can only be challenged on very limited bases, Adler said.