Arent Fox LLP
03/14/2023 | News release | Distributed by Public on 03/14/2023 07:54
Record-High Caseload Shows HKIAC’s Advantages for China-Related Arbitration Disputes
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HKIAC received 515 new cases last year. Of those cases, 344 were arbitration filings, the highest number in over a decade. The following are some notable statistics:
- 83.1% of all arbitrations submitted to HKIAC in 2022 were international in nature, i.e. at least one party was not from Hong Kong (93.4% of the administered arbitrations commenced in 2022 were international cases);
- 32% of all arbitrations submitted to HKIAC in 2022 involved no Hong Kong parties;
- 5.8% involved no Asian parties;
- 48.3% of all arbitrations submitted to HKIAC in 2022 involved no parties from Mainland China; and
- 17.7% of all arbitrations submitted to HKIAC in 2022 involved neither Hong Kong nor Mainland Chinese parties.
With around 80% of all arbitrations submitted to HKIAC involving Hong Kong or Mainland Chinese parties, the 2022 statistics indicate that HKIAC is demonstrating its advantages as an international seat of arbitration for China-related and international disputes.
To read the complete 2022 Statistics on the HKIAC webpage, click here.