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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.
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