With arbitration being one of the most widely used alternative dispute resolution processes in the world, reform has become increasingly important in ensuring efficient, effective and easily accessible arbitration processes. An issue that has plagued arbitration as an alternative dispute resolution process is that of high costs. Arbitration is often expensive to conduct, and this is a key factor behind parties opting for other dispute resolution methods … To read the full article, click here
This article is republished with kind permission of the HK45, Hong Kong International Arbitration Centre. The article was awarded an Honourable Mention in the HK45 Essay Competition 2022 – Emerging Economies Category.
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