The Hong Kong International Arbitration Centre (HKIAC) has released updated administered arbitration rules that come into effect 1 June 2024. The updated 2024 Administered Arbitration Rules (the “2024 Rules”) are a much...more
On April 29, 2024, the Singapore International Arbitration Centre (SIAC) released its 2023 Annual Report. In this client alert, we outline SIAC’s key statistics for 2023, highlighting SIAC’s growth and the confidence that...more
On 6 March 2024, the Hong Kong International Arbitration Centre (HKIAC) released its annual statistics for 2023. The numbers reaffirm Hong Kong’s position as a highly attractive center for international arbitration.
In...more
On January 30, 2024, Transparency International (TI) published its annual Corruption Perceptions Index (CPI) for 2023. The 2023 CPI suggests there has been limited progress in the global fight against corruption, with TI...more
2/8/2024
/ Anti-Corruption ,
Bribery ,
China ,
Corruption ,
Foreign Corrupt Practices Act (FCPA) ,
Indonesia ,
Malaysia ,
Money Laundering ,
Supply Chain ,
Transparency International ,
White Collar Crimes
In the recent decision of China Railway (Hong Kong) Holdings Limited v Chung Kin Holdings Company Limited [2023] HKCFI 132, the Hong Kong Court of First Instance (the CFI) followed the landmark English Supreme Court decision...more
In order to promote the amicable resolution of international commercial disputes, the Singapore International Commercial Court (SICC) has released a Litigation-Mediation-Litigation Protocol (the “LML Protocol”), setting out a...more
In 2022, the SIAC received a total of 357 new case filings, 336 of which were cases administered by the SIAC. With the boom in disputes triggered by the COVID-19 pandemic fading away, the SIAC’s 2022 caseload dropped below...more
On December 16, 2022, Hong Kong’s new regime permitting outcome related fee structures (“ORFS”) in arbitration and arbitration-related court proceedings came into force. This follows a recommendation for change by the Law...more
On January 31, 2023, Transparency International (TI) published its annual Corruption Perceptions Index (CPI) for 2022. As in recent years, the 2022 CPI demonstrates that more must be done to combat corruption globally – with...more
On January 20, 2023, the Hong Kong International Arbitration Centre (“HKIAC”) released its annual statistics for 2022. The statistics suggest that HKIAC swiftly recovered from the drop in caseload in 2021 and has returned to...more
Does 28 U.S.C. § 1782 (“Section 1782”), which permits litigants to seek the assistance of U.S. district courts in obtaining evidence for use in a “foreign or international tribunal,” apply to arbitrations before “private...more
On February 9, 2022, the Hong Kong International Arbitration Centre (“HKIAC”) released its annual statistics for 2021. The statistics suggest that HKIAC, while not as busy as it was during the record-breaking year 2020,...more
On December 10, 2021, the United States Supreme Court granted certiorari in two cases—ZF Automotive US, Inc. v. Luxshare, Ltd., No. 21-401, and AlixPartners, LLP v. Fund for Prot. of Investors’ Rights in Foreign States, No....more
China’s new Anti-Foreign Sanctions Law (AFSL) (中华人民共和国反外国制裁法) achieves two goals. First, it creates a menu of countersanctions available to Chinese authorities—visa restrictions, asset and transaction blocks within...more
On March 24, 2021, the U.S. Securities and Exchange Commission (“SEC”) issued rule amendments to implement submission and disclosure requirements mandated by the Holding Foreign Companies Accountable Act (“HFCAA” or “Act”)....more
3/31/2021
/ Audit Reports ,
Corporate Issuers ,
Disclosure Requirements ,
Enforcement ,
Foreign Corporations ,
Foreign Governments ,
Foreign Issuers ,
Foreign Jurisdictions ,
Foreign-Owned Corporations ,
Inspections ,
PCAOB ,
Securities and Exchange Commission (SEC)
On March 22, 2021, the United States Supreme Court granted certiorari in Servotronics Inc. v. Rolls-Royce PLC, No. 20-794, to determine whether the discretion granted to district courts under 28 U.S.C. § 1782 (“Section 1782”)...more
On March 12, 2021, a U.S. district court granted a temporary injunction requested by the Hong Kong-listed, Chinese electronics giant, Xiaomi Corporation (“Xiaomi”). The injunction blocks the U.S. Department of Defense (“DoD”)...more
3/22/2021
/ Biden Administration ,
Department of Defense (DOD) ,
Executive Orders ,
Hong Kong ,
Injunctions ,
NDAA ,
Office of Foreign Assets Control (OFAC) ,
Preliminary Injunctions ,
Prohibited Transactions ,
Regulatory Authority ,
Sanctions ,
SDN List ,
Technology Sector ,
Trump Administration ,
U.S. Treasury
On February 9, 2021, the Hong Kong International Arbitration Centre (“HKIAC”) released its annual case statistics for 2020. This highly anticipated report provides insight into how arbitration in Hong Kong has fared in the...more
On January 28, 2021, Transparency International (TI) published its annual Corruption Perceptions Index (CPI) for 2020. As with previous years’ indexes, the CPI 2020 demonstrates that many regions, including the Asia-Pacific...more
China’s recently promulgated Measures to Block the Improper Extraterritorial Application of Foreign Laws and Measures (the “Measures”) has established a new framework for mitigating the impact of foreign legal measures,...more
China’s new Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures (《阻断外国法律与措施不当域外适用办法》) (the “Rules”) create a new framework to mitigate the impact of foreign legal...more
On December 28, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued five new frequently asked questions (“FAQs”) that clarify the scope of Executive Order (“E.O.”) 13959, the basis for OFAC’s...more
On December 7, 2020, Servotronics, Inc. filed a petition for writ of certiorari asking the United States Supreme Court to decide whether parties may seek discovery in the United States for use in commercial arbitration...more
On December 2, 2020, the U.S. House of Representatives passed, by unanimous vote, the Holding Foreign Companies Accountable Act (“HFCAA” or “Act”). Following enactment, foreign issuers, especially Chinese issuers, and their...more
A recent decision by the U.S. Court of Appeals for the Seventh Circuit widens an existing circuit court split regarding whether parties may seek discovery in the United States for use in commercial arbitration proceedings...more