It gives me great pleasure to present the fifth issue of the International Arbitration 1/3LY. This October, the international arbitration community will gather in Hong Kong to discuss on-going developments in the field during Hong Kong arbitration week. With this in mind, we turn our attention to the growth of new and developing centres in the Asia-Pacific region.
As the trail blazer of regional arbitral centres, Asia is at the forefront of developments in arbitration. With centres such as the Singapore International Arbitration Centre (SIAC) and the Hong Kong International Arbitration Centre (HKIAC) having set the precedent for regionally-focussed institutions, there has been a surge in regional arbitral centres across the continent seeking to cater for the idiosyncrasies of local disputes. The propensity of arbitrating parties to utilise regional centres in Asia is a trend that we can expect to see grow, as the number of countries in the region participating in international trade will undoubtedly rise.
In this issue we take a look at the current status of arbitration in Asia, with an in-depth report on Asian arbitral centres, from the old to the new; Beth Cubitt talks procedures, costs and institutions with former Chairman of the HKIAC, Neil Kaplan CBE QC SBS; and June Yeum speaks with newly elected president of the Korean Commercial Arbitration Board (KCAB), Sungbae Ji.
Elsewhere in this issue we cover developments in specialist arbitral centres with an article on the newly formed Emirates Maritime Arbitration Centre (EMAC) and an interview with director of the recently opened Perth Centre for Energy and Resources Arbitration (PCERA), Kanaga Dharmananda SC. We also take a look at arbitral developments in Myanmar and Turkey.
On behalf of Clyde & Co, I would like to express my gratitude to Neil Kaplan CBE QC SBS, Sungbae Ji and Kanaga Dharmananda SC for sharing their expert opinions, and providing us and our readers with a unique insight into developments in the field. I also wish to thank my colleagues from the firm’s global arbitration group for their interviews and articles.
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