C ontents

FOCUS EUROPE • SUMMER 2011

DEPARTMENTS

4 Editor’s Note
OPENING STATEMENTS

7 United Kingdom Goodbye to the FSA

8 Spain

Banks In Need of Funds

8 Italy

We Can Work It Out

9 United Kingdom

An Ambitious Crackdown on Corruption

10 Ukraine

Law Firm Caught in the Crossfire

11 Book of Business
12 European Union
Courting Failure
14 BIG DEALS
130 Bully Pulpit

International arbitration doesn’t always allow investors to escape the perils of local courts.

By Michael D. Goldhaber

STÉPHANE REMAEL (GAILLARD)

18

Shearman & Sterling arbitration partner Emmanuel Gaillard

24

FEATURES

ARBITRATION SCORECARD
18 High Stakes

This year’s survey counts more than 100 disputes with at least $1 billion in controversy. Cross-border arbitration’s growth shows no signs of slowing.

By Michael D. Goldhaber

24 Starting Over

Europe has just torn up its system of investment treaties. What’s next?

By Michael D. Goldhaber

28 Treaty Arbitrations
36 Contract Arbitrations

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