Credit: Feng Yu/AdobeStock Prompted by COVID, Conflict-Averse Japan Turns to Arbitration
Traditionally, international arbitration has not been a popular method of dispute resolution among Japanese companies. But it has now come to account for a larger share of revenue for law firms in Japan, with some saying the increase has been dramatic.
August 08, 2022 at 09:00 PM
5 minute read
A host of unforeseen legal disputes triggered by COVID-19 and the war in Ukraine has pushed conflict-averse Japanese companies to become more litigious, with law firms in Japan benefiting from an increase in the use of international arbitration among their clients for settling disputes with foreign counterparts.
Law firms in Japan have been pouring money into expanding their dispute resolution practices through the active hiring of international arbitration experts, both in their head office and regional offices in Asia.
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