Abstract:
International Commercial Arbitration takes place constantly, throughout the globe and is
fast replacing traditional modes of dispute resolution such as litigation as the preferred
mode of dispute resolution by states and corporations. This Research Essay explores the
rise of International Commercial Arbitration Centres in Asia mainly focussing on
Singapore International Arbitration centre and Hong Kong International Arbitration
Centre. It further illustrates with detailed explanation, as to why New Zealand firms
should favour International Commercial Arbitration at either of above two centres in
Pacific Asia region over and above many other Asian arbitration centres such as
Australia, Malaysia, China, India etc. It includes a comparison between Singapore
International Arbitration Centre and Hong Kong International Arbitration Centre.
Furthermore, it attempts to highlight the past and the present developments of legislations
and precedents through cases decided and passed by the respective countries. This essay
shows how these developments would benefit a New Zealand Company who chooses an
arbitration venue from one of these two centres.
