$35 Million in Costs for a Two-Week Hearing: Is Arbitration Still More Cost Effective Than Litigation?

Introduction The High Court’s decision in Genel Energy Miran Bina Bawi Limited v The Kurdistan Regional Government of Iraq [2026] EWHC 1003 (Comm) reinforces two familiar themes in English arbitration law: the finality of arbitral awards and the limited scope for court intervention under the Arbitration Act 1996. The case arose from a challenge under […]