Driving Growth in the Construction Industry through Arbitration Finance

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There’s a global construction boom happening globally, and disputes are an inevitable reality of the construction sector. Construction arbitrations have consistently been among the most prevalent disputes handled by leading institutions in recent years. Data from 2022 reveals that disputes in the construction and energy sector accounted for 45% of registered cases at the ICC. There is increasing interest in arbitration finance from businesses in the sector and the law firms that work with them. The high volume of construction disputes can be attributed to several factors, including the complexity of new construction projects, major infrastructure projects with government investment, and the forecasted increase in global construction spend. The energy transition will lead to decommissioning disputes, creating more legal risks for companies in the construction sector. Legal finance offers a solution to the challenges faced by contractors and owners in large construction projects, allowing them to pursue meritorious claims without significant upfront costs.