Hong Kong Is Becoming A Top Int'l Arbitration Venue
Law360 (April 11, 2019, 5:01 PM EDT) -- American companies doing business in Asia are increasingly turning to Asian arbitral institutions to resolve significant commercial disputes. According to newly released statistics, the Hong Kong International Arbitration Centre, or HKIAC, experienced 34% growth in the total amount in dispute across all arbitrations in 2018 to $6.7 billion, with the United States jumping from sixth to fourth place for geographical origin of parties. Similarly, the Singapore International Arbitration Centre, or SIAC, saw a 73% increase to $7.06 billion total in dispute across all cases in 2018, with the United States moving from fourth to first in foreign parties.
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