Arbitration in Asia (original) (raw)

The paper discusses the rising significance of arbitration in Asia in the context of increased economic interactions and trade opportunities following the Asian financial crisis. It outlines the challenges businesses face regarding foreign jurisdictions and the advantages of arbitration, such as cost-effectiveness, speed, and flexibility. The document provides an overview of various Asian arbitral bodies, emphasizing the importance of incorporating effective arbitration clauses into commercial contracts to safeguard against legal uncertainties.