Amid the worst political crisis in recent memory, Hong Kong continues to attract more international arbitrations than longtime rival Singapore, but the Southeast Asian city-state is closing in.
In 2019, the Hong Kong International Arbitration Centre (HKIAC) received a total of 503 new disputes, down from 521 in the previous year; meanwhile, the Singapore International Arbitration Centre (SIAC) reported 479 new case filings—a new record for the institution, and up nearly 20% from 2018′s caseload. The difference between the two organizations narrowed to 24 cases in 2019 from over 100 cases in 2018.
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