The spread of the COVID-19 pandemic and the restrictive measures (travel restrictions, lockdowns, etc.) imposed by many governments have made it impossible for many parties, their counsel, witnesses and arbitrators from different part of the world to attend in-person hearings. Thus, tribunals and parties to ongoing proceedings typically have a choice between adjourning hearings, agreeing […]
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), […]