Australian delegation seeks to promote Australia as an arbitral venue to Korea | Practical Law

Australian delegation seeks to promote Australia as an arbitral venue to Korea | Practical Law

Andrew Robertson (Partner), Piper Alderman

Australian delegation seeks to promote Australia as an arbitral venue to Korea

Practical Law Legal Update 6-505-0020 (Approx. 2 pages)

Australian delegation seeks to promote Australia as an arbitral venue to Korea

Published on 02 Mar 2011Australia
Andrew Robertson (Partner), Piper Alderman
A delegation, including the New South Wales Attorney-General, recently presented to a forum in Seoul, South Korea with a view to promoting Australia, and in particular Sydney, as an arbitration venue.
Both the President and Vice President of the Australian Centre for International Commercial Arbitration (ACICA) were involved in the presentation to Korea's leading corporate in-house counsel, corporate executives and law firms specialising in international arbitration. They were speaking at the "Navigating Choices in International Arbitration: Options for Korea in the Asia-Pacific Region" forum which provided an opportunity for presenters to set out why Australia and ACICA are viable options for companies in Korea who use international arbitration as a means of resolving disputes.
The presentation was supported by Australian lawyers, arbitrators and the state and federal governments. The last 12 months has seen a focus on developing Australia generally, and Sydney specifically, as a venue for international arbitration in the local Asia and Pacific region.
Support for Sydney as an arbitral venue comes from both the State Attorney-General and the Federal Attorney-General. In 2010, the federal government and New South Wales modernised and harmonised their arbitral legislation, international and domestic, on the basis of the UNCITRAL Model Law (see Article, Australia: round up 2010/2011). The Federal Attorney-General has been quoted as acknowledging a role for governments to respect and foster arbitration as a dispute resolution mechanism. Both the state and federal government also support the Australian International Disputes Centre (AIDC), a dispute resolution venue opened in Sydney in 2010.