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The High Court of Australia (HCA) has unanimously dismissed an appeal by the Kingdom of Spain (Spain) in a decision concerning foreign state immunity handed down on 12 April 2023 in Kingdom of Spain v Infrastructure Services Luxembourg S.à.r.l. [2023] HCA 11.[1] The HCA unanimously rejected Spain’s appeal from a decision of the Full Federal Court of Australia (Federal Court)[2] that had determined:[3] that Spain had waived any foreign state immunity from the jurisdiction of…

A. LEGISLATION AND RULES A.1 Legislation International arbitration proceed in Taiwan continues to be governed by the Arbitration Law, to which there have been no legislative amendments in the past year. A.2 Institutions, rules and infrastructure The Chinese Arbitration Association, Taipei (CAA) remains the leading arbitration institution in Taiwan. There has been no amendment to the CAA Arbitration Rules in the last 12 months. In 2022, CAA held several conferences on the topics ranging from…

A. LEGISLATION AND RULES A.1 No legislative amendments to the IAA or AA in Singapore International arbitration continues to be governed by the International Arbitration Act (IAA), the Arbitration Act (AA) and the Arbitration (International Investment Disputes) Act, to which there have been no legislative amendments in the past year. A.2 Institutions, rules and infrastructure The main arbitral institution in Singapore is the Singapore International Arbitration Center (SIAC), which was ranked 2nd among the world’s…

A. LEGISLATION AND RULES A.1 Legislation A.1.1 Hong Kong expands financing options for arbitration parties Third-party funding is an arrangement by which the funder receives a financial benefit only if the funded party is successful in the proceedings. It is contingent — the funder takes a risk that the claim will not succeed, while the funded party has a reduced financial risk. Third-party funding for arbitrations, arbitration-related court proceedings and mediations has been permitted in Hong Kong…