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International Arbitration Yearbook

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In Asia-Pacific

Baker McKenzie International Arbitration Yearbook 2022-2023 – Hong Kong

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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…

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In Europe

Baker McKenzie International Arbitration Yearbook 2022-2023 – Hungary

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A. LEGISLATION AND RULES A.1 Legislation Arbitration in Hungary continues to be governed by the Act LX of 2017 on Arbitration (“Hungarian Arbitration Act”) which entered into force on 1 January 2018 and is applicable to procedures initiated following this date. The Hungarian Arbitration Act is based on the amended UNCITRAL Model Law of 2006, hence it follows international standards creating an attractive arbitration environment for foreign investors with enhanced reliability and flexibility of procedures.…

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In Argentina

Baker McKenzie International Arbitration Yearbook 2022-2023 – Argentina

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A. LEGISLATION AND RULES A.1 Legislation International arbitration in Argentina continues to be governed by (i) the National Civil and Commercial Code (2015), (ii) the Law on International Commercial Arbitration (2018) and (iii) the New York Convention, to which Argentina is a signatory. No legislative amendments have been made since their enactment. A.2 Institutions, rules and infrastructure Since the end of the COVID-19 pandemic, local arbitration institutions’ proceedings continue with the conduction of both virtual…

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In Europe

Baker McKenzie International Arbitration Yearbook 2022-2023 – Luxembourg

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A. LEGISLATION AND RULES A.1 Legislation A.1.1 Luxembourg is modernizing its arbitration statutory law International arbitration in Luxembourg continues to be governed by the provisions of the New Code of Civil Procedure, Book III (articles 1224 to 1251), to which there have been no legislative amendments, yet. However, we expect a change in the Luxembourg statutory law on arbitration within the next coming months since an arbitration bill (Bill No. 7671) was filed on 15…

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