Sentences with phrase «preferred arbitral seat»

The move has been driven by their growing involvement in Singapore's expanding ADR market as well as confidence in the future of Singapore as the preferred arbitral seat in the Asia - Pacific Region.

Not exact matches

Even if arbitration is preferred over litigation (which is more likely in cross-border transactions), Chinese parties may require the dispute to be seated in China and administered by an established Chinese arbitral institution, such as the China International Economic & Trade Arbitration Commission (CIETAC) in Beijing or Hong Kong (CIETAC - HK), or by one of the newer institutions established to specifically handle OBOR disputes, such as the Wuhan Arbitration Commission's OBOR Arbitration Court.

Traditionally, commercial parties have preferred to opt for an arbitral seat in established jurisdictions, such as London or Paris.