Legal disputes that take place in multiple national jurisdictions or between parties based in different countries are posing challenges for corporate boards, CEOs and general counsel. And the problem isn’t likely to go away.
These complex and costly cross-border disputes are expected to grow in the coming years, according to “Global Currents: Trends in Cross-Border Disputes,” a survey of about 150 GCs and chief legal officers conducted by Hogan Lovells. “More and more companies have been going global, so it makes sense that they are seeing more cross-border litigation than in the past,” says Dennis Tracey, the Hogan Lovells partner in charge of the study. “But the increase is changing the way companies are managing litigation.”