It’s an ill wind that blows nobody any good. Covid-19 has triggered a surge in parties activating dispute resolution clauses, contributing to a boom in commercial arbitration cases globally. Singapore is seemingly among the principal beneficiaries, sharing the number one ranking for the first time, with London.
Paul Rogerson
Yet there is rather more to this than a pandemic. Note too how the evolution of commercial arbitration maps the shifting sands of geopolitics. The city-state’s marketing efforts have not gone unnoticed, but the rise in cases comes as multinationals reportedly consider excluding Hong Kong from contracts amid tensions over the rule of law. Singapore is sitting pretty, as it is perceived to be neutral between the US and China.
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