A record number of new arbitration cases have been filed in Singapore in a sign that the city state’s efforts to become a leading dispute resolution hub are starting to pay off.
The jump in case filings comes as international corporations doing deals in Asia are considering excluding Hong Kong from legal contracts over concerns that China’s growing influence may undermine the rule of law in the territory.
While the caseload in Hong Kong has remained largely flat over the past five years, Singapore’s growing profile as an arbitration centre could increase competition between the rival business hubs.
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