HKIAC 2022 CASE STATISTICS SHOW STRONG GROWTH AND CONTINUED APPEAL OF HONG KONG AS A LEADING SEAT

The HKIAC’s arbitration caseload reached its highest level for more than a decade last year, according to the institution’s recently released 2022 case statistics.  The figures underline Hong Kong’s continuing international appeal as well as its unique strengths as a seat for China-related disputes.  They also show that Hong Kong’s arbitration third party funding regime, introduced in 2019, is now firmly established and increasingly popular with parties.  This suggests that success-based fee arrangements, recently allowed in the jurisdiction, may also see rapid adoption.

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