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International arbitration report
In this edition, we focused on the Shanghai International Economic and Trade Arbitration Commission’s (SHIAC) new arbitration rules, which take effect January 1, 2024.
Twelfth edition introduces litigation minimization framework and expenditure benchmarking tools
We have released our 2016 Annual Litigation Trends Survey. This year’s survey polled more than 600 corporate counsel representing companies across 24 countries on disputes-related issues and concerns. Survey respondents―primarily general counsel―indicate an upward trend in virtually all of the metrics relating to litigation and the broader disputes area.
The survey report’s litigation minimization framework comes as a result of reviewing and collating successful measures taken by companies facing disputes. This practical tool is adaptable to suit a company’s specific situation, allowing in-house counsel to review their current approach and implement measures to reduce litigation risk and costs.
In addition, a detailed analysis of litigation expenditure data collected in this survey, not surprisingly, reveals a correlation between a company’s revenue and its litigation spending. The median average proportion of litigation spending stands at one tenth of one percent (0.1%) of total revenue. This year’s survey report includes a table which gives in-house counsel the opportunity to benchmark its own litigation spend against a closer peer group, broken down by annual revenue, region and industry sector.
The 12th edition of Norton Rose Fulbright’s Annual Litigation Trends Survey was conducted by Acritas, a global legal services market business research firm. Introduced in 2004, this is the largest survey of corporate counsel on litigation issues and trends, with 606 respondents across numerous jurisdictions (including the United States, United Kingdom and Europe, Australia, Canada and Asia) from a wide range of industry sectors.
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Road to COP29: Our insights
The 28th Conference of the Parties on Climate Change (COP28) took place on November 30 - December 12 in Dubai.
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China further opens up its healthcare sector to foreign investors
On 8 September 2024, the Ministry of Commerce (MOFCOM), the National Health Commission (NHC) and the National Medical Products Administration jointly released the Notice on Carrying Out Pilot Programs to Expand the Opening-up in the Healthcare Sector (关于在医疗领域开展扩大开放试点工作的通知) (the Notice) .
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