London remains the leading hub for maritime arbitration

London continues to dominate the world’s maritime arbitration, handling over 85% of cases in 2022, according to a report by law firm HFW. The UK capital dealt with approximately 1,907 new cases last year, a 12% increase from 2021. Singapore, London’s closest rival, handled only 96 new references. Other top arbitration spots included Paris, Hong Kong, and Dubai.

Maritime and transport arbitration played a significant role in London’s caseload, with the London Maritime Arbitrators Association (LMAA) experiencing the highest volume of references since 2016. Additionally, 37% of the London Court of International Arbitration’s referrals fell within this sector.

Despite emerging competition from Singapore and Hong Kong, London’s popularity is expected to remain strong in the years ahead. Michael Ritter, a partner at HFW, stated that while international competition is increasing, there is no significant decline anticipated for London’s dominance in maritime arbitration.

Overall, London’s position as a leading hub for maritime arbitration remains strong, with its caseload continuing to grow and surpass that of its competitors.

Source .