find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
The rise of cross-border dispute resolution

The rise of cross-border dispute resolution

Mediation and arbitration are becoming increasingly important for lawyers working across borders, according to an Australian B20 representative.

Cornwall Stodart special counsel Peter McMullin is representing Australia at the B20 forum in Turkey to work on recommendations that implement decisions made at the G20 in Brisbane in 2014.

“International business is important to law firms, particularly those involved in trade, governance and anti-corruption,” Mr McMullin said.

Also the vice-president of the Confederation of Asia Pacific Chambers of Commerce and Industry, Mr McMullin highlighted that a key development for the legal industry at the moment is cross-border dispute resolution.

“Mediation and arbitration, well developed in countries like Australia, provide a recognisable form of dispute resolution for companies seeking to invest in developing countries, where legal processes often vary and are less established.”

Another area of development is cross-border trade, which is becoming a larger issue for firms as Australia expands its relationships around Asia.

“The growth in the global market has been at the centre of negotiations around various free trade agreements in recent years, notably between Australia and Korea, Japan and China,” he said.

The legal profession is likely to be affected both directly and indirectly by these trends, Mr McMullin suggested.

“These developments are of interest to the legal industry itself for its own client development, but also for clients who may in the future provide those professional services, such as accountants.”

The B20 is an international business summit where representatives from the 20 countries that make up the G20 work on recommendations that implement decisions made at the G20 in Brisbane in 2014.

The three pillars of the B20 Turkey agenda are Continuity, Inclusivity and Connectivity.

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

 

 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

The rise of cross-border dispute resolution
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Applauds
07:00
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
07:00
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...