Selecting the arbitration seat
The choice of arbitral seat, or venue, is often a vexed issue.
London remains the global venue of choice. However, in recent years, following the rise of Asia as an economic power house, Singapore and Hong Kong have eroded the dominance of London (and other European venues).
The 2015 International Arbitration Survey found that 41 per cent of corporations had used Singapore or Hong Kong as the seat of arbitrations in the last five years. Corporations also said that Singapore and Hong Kong were the seats of arbitration that had most improved in the last five years.
The selection of a seat of arbitration is one of the most important decisions a corporation can make when selecting arbitration as its choice for dispute resolution. A variety of factors drive that decision.