Singapore v Hong Kong:The arbitration battle intensifies
BY ALB |
Until a few years ago there was just one contender for the role of arbitration heavyweight in Asia. Now Singapore, named the most popular Asian seat in the 2010 International Arbitration Survey, is seriously challenging Hong Kong’s title. Few in the arbitration field can fail to be impressed by Singapore’s recent meteoric rise in the world of alternative dispute resolution (ADR), few except perhaps Hong Kong, which now feels its crown of Asian arbitration champion slipping away. Singapore’s rise has been as impressive as it has been unsurprising: a proactive government, proximity to up-and-coming economies like India and the Southeast Asian region and some very positive perceptions have combined to turn the island into a formidable arbitration force.