In October 2012, New Zealand arbitrator David Williams QC was part of the arbitral tribunal, appointed by the International Centre for the Settlement of Investment Disputes (ICSID),  which awarded damages against Ecuador in the sum of USD 1.7 billion.  Until the Yukos arbitration last month (USD 50.2 billion, for the expropriation of the Yukos oil group by the Russian Federation), this was the largest arbitral award ever.

In April, NZ was successful in a joint bid with Australia to host a major international arbitration conference (the 2018 ICCA Congress) in Sydney, with an additional day in Queenstown.  The Arbitrators’ and Mediators’ Institute of New Zealand (AMINZ) has also recently secured agreement to run a joint conference in Queenstown in 2016 with the International Academy of Mediators (IAM).

Last year, AMINZ formed an international sub-committee, with the aim of promoting international dispute resolution in New Zealand, and using New Zealand dispute resolution professionals.  New Zealand has a strong reputation as a first world economy, with the rule of law, courts which are very supportive of arbitration and the lowest perception of corruption in the world.  The time is ripe for New Zealand and its arbitrators to become more involved in international arbitration.

Here is a copy of my paper to be given at the AMINZ conference in Queenstown at the end of August.