Aceris Law LLC is pleased to announce that it has successfully resolved another SIAC arbitration on behalf of two respondents and counterclaimants, one located in France and another located in East Asia, in a dispute with seven entities and individuals governed by Japanese law. The dispute, which concerned a joint venture spanning multiple advanced technological […]
Arbitration in Japan
Japan is a pro-arbitration country with a number of arbitral institutions and organizations. The most commonly used institution for commercial arbitration is the Japan Commercial Arbitration Association (the “JCAA”).[1] Its Arbitration Rules were recently amended in order to make arbitration more useful and affordable for parties.[2] Civil and Commercial Arbitration in Japan Civil and commercial […]
Third-Party Funding In Asia
Recently, a client asked whether third-party funding was legal in Asia. Jana Karam helpfully compiled the following information, which shows that third-party funding is permissible in the vast majority of jurisdictions, but not in China or Singapore, where it is clearly not allowed. Below is a review of the current status of third-party funding in […]
The Growth of International Arbitration in Asia
Hong Kong and Singapore have long been fierce rivals for the title of Asia’s leading financial centre, and they are now also battling to become Asia’s dominant seat for international commercial arbitrations, the leading form of international dispute resolution. This rivalry is personified by their competing arbitral institutions, the Hong Kong International Arbitration Centre (HKIAC), […]
Can Russian Investors Initiate Arbitration Against Cyprus to Recover their Losses?
Many Russian depositors are facing losses of up to 40 percent in Cyprus, and are currently considering their legal options. Should one of these options be initiating an investment treaty arbitration against Cyprus for expropriation on the basis of the 1997 Russian Federation-Cyprus bilateral investment treaty, which is included here: IAA-Bilateral-Investment-Treaty-Between-Russia-and-Cyprus. Such a claim could most […]