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A.         LEGISLATION AND RULES A.1 Legislation International arbitration in South Korea continues to be governed by the Korean Arbitration Act 1966 (“Arbitration Act”), which was last updated in 2020 to incorporate the 2006 revisions to the UNCITRAL Model Law. There have been no subsequent legislative amendments. In 2017, the Supreme Court of Korea enacted the Established Rules for Handling Cases Subject to Court Jurisdiction under the Arbitration Act, which regulate matters necessary for handling such…

We are happy to present to you Arbitration in Asia, an arbitration handbook for Russian in-house counsels. The publication, a collaboration with KIAP, Attorneys at Law, is written in the Russian language and discusses cultural specifics of arbitration in several Asian jurisdictions, including Cambodia, China, Hong Kong, India, Korea, Singapore, Thailand, Vietnam and the Philippines. It was launched via a webinar on 12 March 2021. The webinar can be viewed here.

Agreement has been reached on the long-awaited Trans-Pacific Partnership (TPP). The TPP is a free trade agreement between 12 Pacific Rim nations, including Australia, Japan, Malaysia, New Zealand, Singapore and the United States, which represent around 40% of global GDP and one third of world trade. The text of the TPP is still being finalised by the TPP States and is not yet available. Reports indicate that the TPP includes an Investment Chapter with a…