Hong Kong could be set to challenge Singapore’s dominance as a venue for India-related arbitration after the Indian Government said it will recognise arbitral awards made in mainland China and Hong Kong.
Hong Kong and Singapore are key destinations for Asian arbitration, with Hong Kong emerging as the popular choice for international disputes emanating from mainland China, while the Singapore International Arbitration Centre (SIAC) has dominated cases from Southeast Asia and India – with India the largest source of its filings in 2011 for the third year running.
