Hughes Hubbard & Reed has been recognized as one of the top 30 international arbitration firms in the world by Global Arbitration Review (GAR).
Returning to the list after seven years, Hughes Hubbard placed 24th in the elite “GAR 30,” which appears in the ninth edition of the GAR 100. The rankings were unveiled March 3, 2016 at a formal awards dinner, held at the Mandarin Oriental hotel in Shanghai.
The GAR 30 is based primarily on the number of arbitral hearings conducted by a firm over a two-year period. GAR noted that Hughes Hubbard’s reappearance on the list for the first time since 2009 may have something to do with the lateral hire of Alex Yanos in 2014. GAR also noted that the recently filed treaty claims relating to Russia’s annexation of Crimea “may see the firm climb further up the ranking in the next few years.”
Among the other prizes presented in Shanghai was GAR’s award “for innovation by an individual or organisation.” That award went to the International Institute for Conflict Prevention and Resolution (CPR) for its “screened arbitrator appointment procedure,” which allows parties to appoint arbitrators by informing only the institution of their choice, so that the arbitrators are not told which side chose which arbitrator.
John Townsend devised CPR’s screened arbitrator appointment procedure, which was introduced in the 2000 version of the CPR Non-Administered Arbitration Rules. The procedure gained attention more recently when it was included in CPR’s 2015 Administered Arbitration Rules for International Disputes.