Derk Lemstra

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Last quote by Derk Lemstra

If it's an international dispute, it may be beneficial first of all to do it in private, because of course arbitration is confidential. Secondly, there may in some cases be issues of perceived independence, although I am not arguing that the courts in London and New York are not independent. But I think if you are a bank in a third country, litigating against the bank in one of those countries, it may give you added advantage. I think the most important thing is that it goes quickly, that you are assured that you have experts on your arbitration panel, who really know these intruments.feedback
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Jan 17 2012
This page is completely dedicated to what Derk Lemstra has to say. All of Derk Lemstra’s quotes are organized here by date and topic. The most recent quote attributed to Derk Lemstra came from an article called Global financial court promises firm rulings: “If it's an international dispute, it may be beneficial first of all to do it in private, because of course arbitration is confidential. Secondly, there may in some cases be issues of perceived independence, although I am not arguing that the courts in London and New York are not independent. But I think if you are a bank in a third country, litigating against the bank in one of those countries, it may give you added advantage. I think the most important thing is that it goes quickly, that you are assured that you have experts on your arbitration panel, who really know these intruments.”.
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