«The continual refinement of arbitration legislation as explored in this new title has been an important contributing factor in Singapore's rise to prominence as
a leading seat of arbitration,» said Stephenson Harwood partner and author of the book, Timothy Cooke.
As such, parties used to other developed common law jurisdictions, such England & Wales, either as their domestic regime or as
leading seats of arbitration they are familiar with, will feel at home and able to comfortably navigate the AO should Hong Kong law be chosen as the applicable curial (procedural law).
Not exact matches
It has already
led to a number
of arbitrators refusing to accept appointments in Dubai
seated arbitrations, as well as resignations
of those already appointed in such cases.
Dipen Sabharwal highlights the key findings
of the survey in a video within the article, including that «London has continued its dominance as the
leading seat for international
arbitration, followed by Paris, Singapore and Hong Kong.»
The decision will be welcomed by practitioners and users
of arbitration, and will assist London's position as a
leading seat of choice for international
arbitration.
London's unrivalled status as a
leading arbitration seat can be attributed to the feature
of the English law and the confidence commercial and state parties have in the English system.