Nordic maritime arbitration faces fierce competition

Several maritime arbitration institutes around the world are currently looking to take over cases from the world's top market in London. A Nordic arbitration unit would thus face fierce competition from places such as Singapore, were cases are accruing rapidly.

Photo: Colourbox

When a Nordic arbitration institute is created in 2018, as everything seems to indicate, it will enter a large field of nations competing to attract maritime arbitration disputes.

It's become very popular to establish maritime arbitration centers, but the biggest challenge is that people trust in London being neutral and tried and tested in the sector"

Steffen Pedersen, partner, Thomas Cooper

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