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3 Choice of the seat of arbitration contd.
Which seats have corporations
used most frequently over the
past five years, why were they
selected and how do their users
rate them?
Singapore was the next most commonly
referred to seat (15 respondents), 27% rating it
‘excellent’ and 20% as ‘very good’, i.e. 47%
rated Singapore very good or excellent.
Respondents identified a broad range of factors
that led them to select Singapore as a seat.
Although the sample from Asia was slightly
higher in the present survey, this suggests that
Singapore has grown as a regional leader since
the 2006 survey. Singapore is a new entry and
it appears that the promotion of Singapore as
an arbitral seat with conferences and the active
involvement of more arbitral institutions (such
as ICC and AAA/ICDR) have paid dividends and
Singapore clearly emerges as the most popular
Asian seat. Its movement (and those of regional
institutions discussed in Section 4) are
evidence of the trend towards regionalisation in
arbitration we identified in 2006.
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