The American Arbitration Association-International Centre for Dispute Resolution® (AAA-ICDR) provided conflict management and dispute resolution services for 8,983 B2B cases involving $15.6 billion in total claims in 2018.
To view the AAA-ICDR’s latest arbitration caseload, visit: http://go.adr.org/2018-b2b-statistics.
Out of the 8,983 cases arbitrated last year, the industries that experienced the most growth included food and beverage (88%), financial services (78%), chemicals (36%) and commercial insurance (33%). Financial services cases represented the largest share of claim awards, with a total of $2.8 billion, followed by technology ($1 billion) and steel/metals ($800 million).
The average claim for large business-to-business cases facilitated by the AAA-ICDR in 2018 was $8.9 million, with the average large-case counterclaim at $4.9 million.
The AAA-ICDR serves parties from more than 90 countries, offering access to a variety of experienced and respected independent arbitrators and mediators. This international presence, and the AAA-ICDR’s broad array of scalable resources, enable the organization to resolve disputes quickly and cost effectively for large multinational corporations. As part of the AAA-ICDR’s commitment to diversity, it continues to add diverse legal and business experts to its roster of arbitrators and mediators.