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Enforcement of Arbitral Awards in the Asia-Pacific

24 May 2018

Arbitration in Asia continues to be on the rise. In 2017, the Singapore International Arbitration Centre (SIAC) received a record-breaking 452 new cases from parties across 58 jurisdictions, which marked a 32 per cent increase from 2016.1 In Hong Kong, a total of 460 new cases were filed at the Hong Kong International Arbitration Centre (HKIAC).2 This continued rise may be explained by a number of factors including growth in the region, the relatively low costs of conducting an arbitration in the Asia-Pacific (as opposed to, for instance, in America or Europe),3 and the proliferation (and continued development and advancement) of arbitral institutions in Asia.