Singapore has over the past three years surpassed Hong Kong in popularity as an international arbitration seat, according to a recent study.
A report released jointly by the School of International Arbitration at Queen Mary University of London and the U.S. firm White & Case found Singapore to be the third most preferred arbitration seat globally, after London and Paris. Hong Kong ranked fourth.
As part of the study, 922 respondents—mostly private practitioners and arbitrators—identified up to five arbitration seats preferred by their organizations. Out of the more than 140 arbitration seats listed by respondents worldwide, according to the survey, London emerged as the top location with 64 percent of those surveyed ranking it as one of the top five; Paris, Singapore, Hong Kong and Geneva claimed the second to fifth spots.