In summary
Arbitral hubs and institutions in Asia have reached new heights in terms of their growth and popularity, achieving stellar global rankings and an ever-growing number of case filings. Arbitration’s popularity in Asia has been augmented by the generally pro-arbitration stance taken by the countries in the region. This chapter examines recent developments in Singapore and other parts of Asia, tracking the continued growth and overall maturation of Asia’s arbitration scene.
Discussion points
- The growing profile of the arbitral seats and institutions in Asia
- Steps taken by arbitral institutions to enhance and update their rules to compete with other international arbitral institutions
- Pro-arbitration stance of jurisdictions across the region, including support for the arbitral process and the enforcement of arbitral awards
Referenced in this article
- Bloomberry Resorts and Hotels Inc and another v Global Gaming Philippines LLC and another ([2021] SGCA 9)
- CAJ and another v CAI and another appeal ([2021] SGCA 102)
- CKG v CKH ([2021] SGHC(I) 5)
- CNX v CNY ([2022] SGHC 53)
- National Oilwell Varco Norway AS (formerly known as Hydralift AS) v Keppel FELS Ltd (formerly known as Far East Levingston Shipbuilding Ltd) ([2022] SGCA 24)
- Phoenixfin Pte Ltd and others v Convexity Ltd ([2022] SGCA 17)
- The ‘Navios Koyo’ ([2021] SGCA 99)
- Westbridge Ventures II Investment Holdings v Anupam Mittal ([2021] SGHC 244)
Arbitral hubs and institutions in Asia have reached new heights in terms of their growth and popularity. In the 2021 Queen Mary University of London and White & Case International Arbitration Survey (the QMUL Survey),[1] Singapore and Hong Kong ranked first and third respectively as the most popular arbitral seats in the world. This marks a first for Singapore, and it shares its position with London – a global powerhouse in the field. Singapore was also named the most preferred seat in the Asia-Pacific, and, along with Hong Kong, ranked in the top-five most preferred seats in all regions.
CVD 