When it comes to settling disputes, more Chinese companies often look outside of their home country. This is largely due to the fact that there has been an increase in outbound investment by Chinese companies. As a result, many companies turn to overseas arbitration centres as a way to resolve disputes in a more timely manner.
There are a number of arbitration centers around the world that have become popular choices for Chinese entities. These include the Hong Kong International Arbitration Centre (HKIAC), the London Court of International Arbitration (LCIA), and the Singapore International Arbitration Centre (SIAC). Each of these centers has its own set of rules and procedures, which can make it easier for companies to resolve disputes quickly and efficiently.
In this episode, GJ Wang, Legal Director at M.B. KEMP LLP talk to us to take a deeper look into this trend.