London remains the hot spot for arbitration
Research of the maritime-focused law firm HFW has underpinned the impression that London (UK) continues to dominate the market for maritime arbitration - despite suggestions that Brexit would see activity shift to emerging disputes hubs around the world.
Currently, the British capital accounts for more than 80% of global maritime activity. According to HFW's analysis of data from thirteen major maritime institutions around the world, London handled approximately 1,500 maritime arbitrations in 2017, compared to around 140 in Singapore and just over 100 in Hong Kong.
HFW's research also found that, after local law, English law is the most commonly chosen law in arbitrations globally across all sectors, including maritime arbitrations. English law was the applicable law in 85% of all LCIA arbitrations in 2017. (kd)