Today, nearly twenty-five years after the collapse of the Soviet Union, the countries of Central and Eastern Europe play an increasingly important role in the worlds economy. As the volume of global trade grows, and as the demand for the natural resources and skilled labour found in many of these nations increases, the geostrategic and economic influence of these countries should continue to rise. At the same time, the use of international arbitration as a mechanism for resolving disputes involving parties from, or doing business in, Central and Eastern Europe also likely will increase.

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A chapter by Franz Schwarz and Kenneth Beale, appearing in The International Comparative Legal Guide to International Arbitration 2014 (11th edition); published by Global Legal Group Ltd, London.

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