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from Part IV - Judicial Control of Arbitral Awards
Published online by Cambridge University Press: 08 October 2020
Geographical remoteness has not prevented Australia from pursuing a persistent ambition to become a major hub for international commercial arbitration (ICA). While regional competitors in the Asia-Pacific region such as Singapore and Hong Kong have already achieved great success in the arbitration world, Australia’s ‘Tyranny of Distance’1 requires that extra efforts be made to attract ICA cases. Recent marketing from Austrade within the Australian government2 emphasises the relative strengths of ICA in Australia: (1) a harmonised legal framework for ICA in line with international standards, (2) sophisticated arbitration institutions and (3) some of the world’s leading arbitration practitioners.
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