2023: Hop-timistic Outlook For Offshore Support For Chinese Arbitrations

2023 welcomes the Year of the Rabbit, a symbol of longevity and prosperity. The Year of the Rabbit marries kindly with the outlook for offshore related Hong Kong SAR ("Hong Kong") and other People's Republic of China ("PRC") seated arbitrations. Over the last few years, the British Virgin Islands ("BVI") and the Cayman Islands ("Cayman") have topped the nationality of parties involved in Hong Kong International Arbitration Centre arbitrations (other than parties from Hong Kong or the PRC, who occupy the top two spots on the list). The Courts of Bermuda, Cayman and BVI are well equipped and experienced in dealing with matters ancillary to Asian-seated arbitrations and we have seen strong continued support. This article will provide a brief introductory summary to the key tools available in the offshore courts to assist parties to Chinese seated arbitrations as at the start of the Year of the Rabbit.