HKIAC also saw a rise in diverse arbitrator appointments in the year.
The Hong Kong International Arbitration Centre (HKIAC) has received a total of 318 arbitrations amounting to $68.8b, according to a recent statistic.
Out of 318 filings, 203 were arbitrations administered by HKIAC that represent an increase of 20% in administered arbitrations from 2019.
According to the HKIAC, the arbitrations filed in 2020 were predominantly international featuring parties from 45 jurisdictions. The 72% of all arbitrations and 86% of administered arbitrations were international. The vast majority of the arbitrations were seated in Hong Kong. Disputes were subject to 12 different governing laws.
HKIAC also saw a greater diversity in appointments of arbitrators in 2020. Of the 149 appointments made by HKIAC, 23% were of female arbitrators, an increase from 20.5% in 2019, and 50% were of arbitrators not previously appointed by HKIAC over the last three years, rising from 40% in 2019.
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