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International Arbitration Yearbook

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Baker McKenzie International Arbitration Yearbook 2024-2025 – South Korea

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A. LEGISLATION AND RULES A.1 Legislation International arbitration in South Korea continues to be governed by the Korean Arbitration Act 1966 (“Arbitration Act”), which was last updated in 2020 to incorporate the 2006 revisions to the UNCITRAL Model Law. There have been no subsequent legislative amendments. In 2017, the Supreme Court of Korea enacted the Established Rules for Handling Cases Subject to Court Jurisdiction under the Arbitration Act, which regulate matters necessary for handling such…

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In International Arbitration Yearbook

Baker McKenzie International Arbitration Yearbook 2024-2025 – Australia

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A. LEGISLATION AND RULES A.1 Legislation International arbitration in Australia continues to be governed by the International Arbitration Act 1974 (Cth) (IAA). There have been no amendments to the IAA in the past year. In December 2023, Australia and the United Arab Emirates (UAE) announced the commencement of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), with negotiations concluding on 17 September 2024. The CEPA treaty was subsequently signed on 6 November 2024, and the…

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In International Arbitration Yearbook

Baker McKenzie International Arbitration Yearbook 2024-2025 – Brazil

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A. LEGISLATION AND RULES A.1 Arbitration in numbers in Brazil In 2024, Selma Ferreira Lemes, a famous arbitrator in Brazil, conducted a research study in 2024 considering data on arbitration proceedings for 2022 and 2023 from the largest arbitration institutions with a presence in Brazil. This study concluded that there was a slight decrease in the number of cases between 2022 to 2023 (a 5.36% reduction) and a significant drop in the average value of…

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In International Arbitration Yearbook

Baker McKenzie International Arbitration Yearbook 2024-2025 – Singapore

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A. LEGISLATION AND RULES A.1 Legislation International arbitration continues to be governed by the International Arbitration Act (IAA), the Arbitration Act (AA) and the Arbitration (International Investment Disputes) Act. There have been no legislative amendments in the past year. A.2 Institutions, rules and infrastructure The main arbitral institution in Singapore is the Singapore International Arbitration Center (SIAC). The SIAC’s new 7th Edition of its Rules came into force on 1 January 2025 (“SIAC Rules 2025”).…

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