Baker McKenzie’s Arbitration Yearbook 2018-2019 Edition
Click here for the chapter on Korea in the 2018-2019 Arbitration Yearbook.
Arbitration News from Korea
Baker McKenzie International Arbitration Yearbook 2019-2020 – South Korea
SOUTH KOREA
Hyunyang Koo and Vaishali Sharma.
A. LEGISLATION AND RULES
South Korea has adopted a pro-arbitration legal framework that governs both domestic and international proceedings. International...
TPP: ISDS included in the final deal
Agreement has been reached on the long-awaited Trans-Pacific Partnership (TPP). The TPP is a free trade agreement between 12 Pacific Rim nations, including Australia,...
Arbitration News from Asia-Pacific
SICC upholds arbitral awards despite tribunal errors and foreign illegality
In a recent judgment from the Singapore International Commercial Court (“SICC”), the International Judge refused an application to set aside several arbitral awards issued...
Shanghai court holds that arbitration agreement providing for arbitration administered by SIAC in Shanghai...
Introduction
In December 2019, the Singapore Court of Appeal ("SGCA") in BNA v BNB ruled on the interpretation of an arbitration agreement that provided...
Hong Kong Court provides guidance on principles applicable to the correction of an arbitral...
1. Introduction
Once an arbitral award is issued, it becomes final and binding. However, the award may contain an error. For example, it may order...
Landmark Recognition and Enforcement of a Foreign Arbitral Award in Myanmar
When investing in developing countries, many foreign investors have concerns as to their remedies in the event of a dispute that is to be...
The long and winding road: The evolving interface between winding-up petitions and arbitration agreements...
Introduction
Under Hong Kong law, a company shall be deemed to be unable to pay its debts if a creditor, to whom the company...
Keeping the lights on: Australian court enforces arbitral award
Executive summary
In Energy City Qatar Holding Company v Hub Street Equipment Pty Ltd FCA 1116, the Federal Court of Australia (FCA) enforced an...
Multi-tiered dispute resolution clauses: a reminder of the Court of Appeal’s split decision
The dispute resolution clause is often referred to as the "midnight clause" as it is commonly reviewed at the 11th hour of the contract...
Australian court enforces foreign arbitral award made in People’s Republic of China
In the recent decision of Tianjin Jishengtai Investment Consulting Partnership Enterprise v Huang FCA 767, the Federal Court of Australia (FCA) determined that...
Arbitration Statistics 2019- How did arbitration institutions fare in 2019?
The International Chamber of Commerce ("ICC") recently published its full statistical report for the year 2019, which revealed a slight increase in the number...
