Hong Kong could overtake London as top arbitration hub, says Bar Association head
Quick Look
Hong Kong may surpass London as the world's leading arbitration seat within a decade, according to Bar Association chairman Jose-Antonio Maurellet, citing the city's role as a major fundraising hub for mainland China and its growing appeal to international legal talent.
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Why It Matters
Hong Kong and Singapore were ranked as the second-most preferred arbitration seats globally in a recent Queen Mary University of London survey.
Hong Kong could dethrone London as the top choice for arbitration within the next decade given the Asian city’s status as a global fundraising capital for businesses in mainland China and beyond, the head of the Bar Association has said.
Jose-Antonio Maurellet, chairman of the Hong Kong Bar Association, told the South China Morning Post on Friday that the city had enjoyed rapid growth in arbitration work, with high-stakes cases attracting elite international legal talent.
Hong Kong tied with Singapore as the second-most preferred arbitration seat globally last year in a survey by Queen Mary University of London, trailing only the British capital.
Open Questions
- What specific regulatory changes are needed to surpass London?
- How will geopolitical tensions affect this growth?
