The Baker McKenzie International Arbitration Yearbook Arbitration International McKenzie The Baker 11th Edition 2017-2018 The Baker McKenzie International Arbitration Yearbook The Baker McKenzie International Arbitration Yearbook 2017 - 2018 © 2018 Baker McKenzie www.bakermckenzie.com All rights reserved This is the 11th edition of the Baker McKenzie International Arbitration Yearbook, an annual series established by the Firm in 2007. The Yearbook comprises reports on arbitration from key jurisdictions around the globe. Leading lawyers of the Firm’s International Arbitration Practice Group, a division of the Firm’s Global Dispute Resolution Practice Group, report on recent developments in national laws relating to arbitration, set out key features of their local institutions, and address current arbitral trends in the jurisdictions in which they practice. The aim of this Yearbook is to highlight the more important developments in international arbitration, without aspiring to be an exhaustive case reporter or a text- book to arbitration in the broad sense. 2018 Arbitration Yearbook | Contents Table of Contents Foreword .............................................................................................. 1 Editors .................................................................................................. 3 Topics ................................................................................................... 9 Abbreviations and Acronyms ............................................................. 11 Argentina ............................................................................................ 15 Australia ............................................................................................. 25 Austria ................................................................................................ 37 Belarus ................................................................................................ 43 Belgium .............................................................................................. 47 Brazil .................................................................................................. 55 Canada ................................................................................................ 63 Chile ................................................................................................... 75 China .................................................................................................. 85 Colombia ............................................................................................ 93 Czech Republic ................................................................................. 101 France ............................................................................................... 109 Germany ........................................................................................... 121 Hong Kong ....................................................................................... 133 Hungary ............................................................................................ 145 India .................................................................................................. 151 Indonesia .......................................................................................... 163 Italy ................................................................................................... 169 Japan ................................................................................................. 181 Kazakhstan ....................................................................................... 185 Kyrgyzstan ........................................................................................ 193 Baker McKenzie | i Malaysia ........................................................................................... 199 Mexico .............................................................................................. 207 Myanmar .......................................................................................... 211 The Netherlands................................................................................ 217 Peru ................................................................................................... 229 Philippines ........................................................................................ 235 Poland ............................................................................................... 245 Russia ............................................................................................... 253 Saudi Arabia ..................................................................................... 263 Singapore .......................................................................................... 267 South Africa ..................................................................................... 277 South Korea ...................................................................................... 287 Spain ................................................................................................. 297 Sweden ............................................................................................. 309 Switzerland ....................................................................................... 319 Thailand ............................................................................................ 331 Turkey .............................................................................................. 343 Ukraine ............................................................................................. 351 United Arab Emirates ....................................................................... 359 United Kingdom ............................................................................... 369 United States ..................................................................................... 381 Uzbekistan ........................................................................................ 395 Venezuela ......................................................................................... 399 Vietnam ............................................................................................ 403 Summary of Arbitral Rules .............................................................. 409 ii | Baker McKenzie 2018 Arbitration Yearbook | Foreword Foreword Welcome to the 11th edition of the Baker McKenzie International Arbitration Yearbook. Once again we have drawn upon the expertise of colleagues around the world to outline key developments in international arbitration over the past year. Our unparalleled global network allows us to present analysis not just from the main arbitration centers, but from all corners of the world. Our practice conducts more international arbitrations than any other Firm1, and we aim to distil that wide-ranging experience in the pages before you. As usual, Section A of each country chapter outlines changes to institutional rules and local legislation, Section B describes important new case law, and Section C covers our special topic - more on which below. This has been a typically busy year for our industry. Arbitration volume has increased at most of the major institutions. Ever- increasing competition for arbitration work has continued to drive reforms aimed at improving procedural efficiency. The last few years have seen a wave of updates to institutional rules, and this has continued during 2017, with revised rules from the ICC and SCC, amongst others. Some institutions have also introduced new standalone rules for investment arbitration, such as SIAC and CIETAC. As usual, a number of jurisdictions have amended their national laws to support and enhance the use of arbitration. Most notably, both Singapore and Hong Kong have legislated to allow the use of third- party funding in arbitration. We have chosen funding as our special topic for this edition. Funding of arbitration involves a difficult balancing act between, on the one 1 GAR30, 2017. Baker McKenzie | 1 hand, the wish to improve access to justice and respect freedom of contract, and on the other hand, the wish to protect against conflicts of interest. In many cases, legislatures have avoided or not engaged with this balancing act, and as a result the law is uncertain, or reflects long- standing legal dogma. There are also more detailed points of principle where guidance is needed. Should funded parties to arbitration have to disclose the fact of their funding? If so, should they have to disclose the terms of those arrangements? Should communications between a party and its funder be protected by privilege? Should funding costs ever be recoverable? There is no widespread academic consensus on these points, but we may expect further debate following the publication of the long- awaited ICCA-Queen Mary report at the ICCA Congress in April 2018. We have much else to look forward to in 2018, with new rules to take effect at the DIS, DIAC and HKIAC, and new arbitration laws expected in places such as Argentina, Australia, South Africa and the UAE. As always, you will be able to read about those developments in the next edition of the Yearbook. Once again, we owe our thanks to our Executive Editor, Benjamin Roe, for doing much of the heavy lifting on this project and the fine editing evident within these pages. Leng Sun Chan, SC Global Head of Arbitration, Baker McKenzie 2 | Baker McKenzie 2018 Arbitration Yearbook | Editors The Baker McKenzie International