The General Division of the High Court in CXG v CXI [2023] SGHC 244 held that a Singapore court who possesses the jurisdiction to hear an application to enforce a tribunal-ordered interim measure in a Singapore-seated international arbitration (“domestic interim measure”) should not be prevented from exercising that jurisdiction on grounds of forum non conveniens (“FNC”). Factual Background In CXG v CXI [2023] SGHC 244, the claimants had applied to the court (the “Leave Application”)…
The High Court of Australia (HCA) has unanimously dismissed an appeal by the Kingdom of Spain (Spain) in…
We are pleased to announce that the latest edition of the Baker McKenzie International Arbitration Yearbook is now…
Effective 16 December 2022, lawyers in Hong Kong are permitted to fund clients for whom they act in an arbitration by entering into outcome-related fee structures (ORFS), such as conditional and contingency fee arrangements. The new regime answers an increasing client demand for more flexible fee arrangements and is an important step for maintaining and promoting Hong Kong’s competitiveness with other major arbitral seats where similar fee arrangements are allowed. The new regime The new…
A. LEGISLATION AND RULES A.1 Legislation International arbitration proceed in Taiwan continues to be governed by the Arbitration…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Australia continues to be governed by the International Arbitration…
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 International arbitration in Thailand continues to be governed by the Arbitration Act,…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in South Korea is governed by the Arbitration Act,[1] which…
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…