International Dispute Resolution Trends in Asia
Article from: TDM 4 (2013), in Ten years of Transnational Dispute Management (TDM)
The development of trade and investment in Asia has resulted in the increase of international commercial transactions. In many parts of the region, rapid development has meant increased caseloads for already overburdened courts, further leading to slow adjudication of commercial disputes. As a result, alternative dispute resolution (ADR) mechanisms, including arbitration, have become more crucial for businesses operating in Asia. Most Asian countries have now ratified the New York Convention and the ICSID Convention. A growing numbers of Asian jurisdictions have ...