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This text contains the papers presented at the Centenary Conference celebrating the foundation of the London Court of International Arbitration in 1893. Leading international experts on commercial arbitration seek to identify what can usefully be derived from past experiences to meet the future challenges, opportunities and problems facing international arbitration in the next decade and beyond it into the 21st century. The present system of commercial arbitration is far from perfect and demands in the world's economy will not simply accept its perpetuation. This reference work attempts to answer the question of how international arbitration can successfully respond to a changing world and changing commercial techniques.