International arbitration is governed by key frameworks like the New York Convention (1958) and UNCITRAL Model Law (1985), ensuring global recognition of awards. Major arbitration hubs like Singapore, London, Geneva, Hong Kong, and Paris offer unique benefits, such as strong enforcement and minimal court interference.
Singapore and Hong Kong excel in judicial support and strategic positioning, while London and Paris are known for their legal traditions and confidentiality. Geneva stands out for its neutrality and limited judicial review.
Trends include digitalization, third-party funding, and growing ESG relevance in disputes. The choice of arbitration seat depends on enforcement, neutrality, and specific jurisdictional advantages.
