Innovation means moving ahead of one’s time, anticipating future needs and creating solutions for those needs. Applied to international arbitration, innovation usually comes by offering new services to the users that will benefit them in terms of predictability, efficiency and effectiveness
Figueres, Dyala' Jime'nez
"Are Latin American Institutions Innovating?,"
ILSA Journal of International & Comparative Law: Vol. 23
, Article 5.
Available at: http://nsuworks.nova.edu/ilsajournal/vol23/iss2/5