Amendments, Decisions Among International Arbitration Developments In Asia

26 November 2012
New York Law Journal
Now nearing its close, this year has witnessed important developments in international arbitration across Asia. At or near the top of the list of key developments are a major decision of the Indian Supreme Court reversing nearly a decade of jurisprudence widely viewed as unfriendly to international arbitration; the amendment of the arbitration rules at the China International Economic and Trade Arbitration Commission (CIETAC), China's leading arbitral institution; and a very public schism between CIETAC's Beijing headquarters and two of its sub-commissions. These developments and others underscore the evolving nature and prominence of international arbitration in the region.