Cost, Convenience Drive Rise In Asia Arbitrations

Law360, New York (March 27, 2008, 12:00 AM EDT) -- Worried about the high cost and inconvenience of holding arbitrations in traditional centers like London and Paris, more Asian parties are staying closer to home to settle disputes, according to attorneys around the world.

In 2007, 448 requests for arbitration were filed with the Hong Kong International Arbitration Centre, up from 298 in 2000. In the same seven-year period, arbitration requests to the China International Economic and Trade Arbitration Commission jumped from 543 to 1,118, and requests to the Singapore International Arbitration Centre increased from 58...
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