By Dr Benjamin Hayward, Professor Luke Nottage, and Dr Nobumichi Teramura
On Friday 15 November 2019, Sydney Law School hosted the ‘Challenges and Opportunities for Asia-Pacific International Arbitration’ symposium.
The event addressed a range of dispute resolution issues: international commercial arbitration, investor-State dispute settlement (including investor-State mediation), and the rise of international commercial courts. Academics, practitioners, and (both current and former) judges were in attendance: ensuring that a wide spectrum of views were addressed throughout the day.
The symposium focused on dispute resolution in the Asia-Pacific region. This is a topic of significant interest to the Australian arbitration community. As far back as 2009, the then-Attorney General Rob Hulls introduced reforms to Australia’s International Arbitration Act aiming to promote Australia as a regional dispute resolution hub. More than 10 years later, this is a goal to which Australia still aspires.
The symposium addressed arbitration in the Australian, New Zealand, Japanese, Indonesian, Hong Kong, and mainland Chinese contexts. It followed a counterpart event hosted by the University of Hong Kong in July 2019.
The symposium’s international comparisons provide much food for thought for the Australian arbitration community, as we seek to continually improve the local landscape. For example, what degree of confidentiality should be preserved in Australian arbitral proceedings? And what lessons can we learn from arbitration experience, in the region, relating to the possible future establishment of an Australian international commercial court?
A collection of papers presented at both events will be published in late 2020 (or early 2021) in a Kluwer volume titled New Frontiers in Asia-Pacific International Arbitration and Dispute Resolution. Details of the volume, including links to pre-publication versions of some papers, are available here.
Of particular interest in the Australian context will be:
* Professors the Hon Marilyn Warren and Clyde Croft’s chapter titled ‘An International Commercial Court for Australia: An Idea Worth Taking to Market’;
* Albert Monichino SC and Nobumichi Teramura’s chapter ‘New Frontiers for International Commercial Arbitration in Australia: Beyond the “(Un)Lucky Country”’;
* Luke Nottage addressing ‘Confidentiality and Transparency in International Arbitration: Asia-Pacific Tensions and Expectations’; and
* Luke Nottage and Ana Ubilava’s chapter on ‘Novel and Noteworthy Aspects of Australia’s Recent Investment Agreements and ISDS Policy’.
Readers of this blog might also be particularly interested in Stacie Strong’s chapter titled ‘Promoting International Mediation Through the Singapore Convention’, that Convention also having been addressed at the December 2019 ADRRN Roundtable. This chapter will mention some empirical data from a study addressing the use of mediation in resolving international commercial disputes.
Interestingly, while Australia’s geographic isolation is thought to be impeding its emergence as a regional dispute resolution hub, COVID-19 has led to the rapid adoption of virtual hearings in civil litigation and in arbitration. The pandemic may have unintentionally highlighted a means by which Australian arbitration and an Australian international commercial court could flourish in the region: notwithstanding the unavoidable ‘social distance’ between Australia and our neighbours.
These recent developments, post-dating the symposium, will be addressed in the forthcoming Kluwer volume. They will be of great interest to those invested in Australia’s potential as a venue for international commercial dispute resolution.