V Concluding Thoughts, 22 The Future of Trust Arbitration: Quo Vadis?

Subject(s):

Arbitrability — Arbitral agreements — Arbitral tribunals — Arbitrators

This chapter presents a cross-disciplinary and cross-cultural analysis that attempts to bring together the various strands of discussion and identify how internal trust arbitration is likely to develop in the coming years. It argues that internal trust arbitration appears to be on the rise in a number of jurisdictions, with support coming from both the public and private sectors. While much remains to be done as a matter of both practice and policy, the breadth and the depth of interest in this particular procedure is very promising. If internal trust arbitration is to become a viable mechanism domestically and internationally, the legal community needs to balance the needs and best practices of both trust law and arbitration law. To achieve this outcome, experts in both arbitration law and trust law need to work together rather than in isolation.