Global: disputes forecast 2024 – Global Compliance News

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The Year Ahead Global Disputes Forecast 2024

The Year Ahead Global Disputes Forecast 2024

Against a backdrop of economic stagnation and geopolitical conflict, businesses are preparing for a challenging year. Global disputes will continue at pace, according to insights from more than 600 senior lawyers at large corporations, with ESG and employment risks the greatest areas of concern. Our seventh annual report provides detailed analysis of disputes trends, as well as sectoral and region-specific developments, to prepare your organization for The Year Ahead.

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The big picture

Wider global trends are influencing the disputes landscape Economic stagnation The OECD forecasts global growth to slow to 2.7% in 2024, well below the historical average. Many corporate transactions have been postponed, with some clients now focusing on restructuring opportunities. Geopolitical conflict There is continued tension between Russia and NATO, conflict in the Middle East, and competition between China and various Western nations. We are also seeing rising trade protectionism. AI revolution 2023 was a breakout year for generative AI, with McKinsey forecasting gen AI to add up to USD 4.4 trillion annually to the global economy. AI will improve the way lawyers work – but it will also drive disputes.

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Key Issues

Insights by sector & region Read detailed industry sector and regional analysis in the report

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Key resources

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Join our webinar series Download the report to learn more about the key trends and sectoral and region-specific developments to prepare your organization for The Year Ahead. We invite you to join us for a series of webinars across ESG, employment and cybersecurity that will provide a practical and actionable way forward in 2024.

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Author Claudia Benavides Galvis

Claudia is a partner at Baker McKenzie. Since 2010, she heads the Dispute Resolution practice in Colombia. In 2018, she was appointed Chair of the Latin America DR practice and since 2019 Claudia is the Global Chair of the Firm’s Dispute Resolution Group. She is also a listed arbitrator of the panel of arbitrators of the Center of Arbitration of the Chamber of Commerce of Bogotá for both, domestic and international arbitration; a listed arbitrator of the Panel of Arbitrators of the Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center); and a listed arbitrator of the Panel of Arbitrators of the Arbitration Court of Amcham Peru. Claudia is a highly-regarded expert in transnational litigation and international arbitration. She has over 20 years of extensive experience handling complex litigations and arbitrations related to construction and infrastructure projects, post-acquisition disputes, disputes in the energy sector, distribution and supply agreements, unfair competition, product liability, insolvency and general breach of contract. She often advises investors on treaty planning, and leveraging international protections in the context of government interference. She acts for and against state entities, with particular experience in the energy sector and large infrastructure projects. Claudia has been ranked by Chambers & Partners and Legal 500 as an expert in the field of dispute resolution.

Author Joanna Ludlam

Joanna Ludlam is co-chair of Baker McKenzie’s Global Compliance & Investigations practice. She has held this position since 2017, having previously led this group in the EMEA region. She is a Partner in the Dispute Resolution team in the London office, where she leads the Regulatory, Public & Media law team. Joanna has extensive experience in leading complex investigations and pioneering compliance initiatives. She advises clients, including the C-suite, on corporate criminal liability, regulatory compliance, and crisis and reputation management. She also prepares senior executives for appearances at public inquiries and Parliamentary Select Committee hearings. Her expertise in administrative and public law and public procurement law complements her investigations practice. Joanna co-authored the firm’s Connected Compliance thought leadership, which includes the world’s first global compliance integration benchmarking tool.

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