Arbitration Is On The Rise In Australia

On 9 March 2021, the Australian Centre for International Commercial Arbitration (ACICA) released the inaugural Australian Arbitration Report (Report).

The Report analysed data obtained by ACICA and FTI Consulting in the inaugural Australian Arbitration Survey (Survey). The Survey collected data on arbitrations commenced, conducted and concluded in the period between 2017 and 2019 with an Australian 'connection' from 111 respondents.

Key takeaways

Please click on our infographic below for a summary of the key takeaways, which include:

• The total amount in dispute for arbitrations that were active during the relevant period exceeded $35 billion.
• For international arbitrations, the Survey indicated that the most favoured arbitration rules were those of the SIAC and ICC and the most popular arbitration seat was Singapore.