Orrick Herrington & Sutcliffe LLP partners Rena L. Scott and Vanessa Liborio anticipate a paradigm shift in the adjudication of construction disputes. With ambitious projects like Saudi Arabia’s NEOM region, featuring “smart cities” and renewable energy-driven industrial hubs, the arbitration landscape is evolving. These projects, while groundbreaking, introduce complexities that demand early involvement of experts to navigate technical intricacies.
Moreover, the boom in demand for critical minerals in the green energy transition, exemplified by the lithium industry, presents new challenges. Disputes arising from heavily constrained supply chains for raw materials used in electric vehicles are expected to escalate in 2024. The drop in lithium prices and disruptions in supply contracts may trigger a wave of commercial decisions and contract disputes in the electric vehicle space.
Unraveling the Aftermath: Fallout From Russia’s Invasion
As the two-year mark of Russia’s invasion of Ukraine approaches in February, the aftermath of this geopolitical upheaval is expected to manifest in the international arbitration arena in 2024. The exodus of businesses from Russia following the invasion is now poised to lead to a wave of formal disputes.
