MENU

Page 267

Will the Future See More Investment Arbitrations Taking Place in the Middle East?

Scott Vesel

ABSTRACT

To date, few, if any, investment arbitrations have been conducted in the Middle East. This situation contrasts with the fundamental historical importance the region has played as the location of seminal disputes that have helped to establish the international arbitration regime as we know it today, as well as the important and growing role of Middle Eastern parties in both commercial and investment arbitration. This essay considers the general trend towards decentralisation of seats and venues in international arbitration and the factors that may eventually lead to more arbitrations taking place within the region.