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The strategic calculus of Pakistan’s arbitration alignment

32 0
sunday

 

IIn the rapidly evolving field of international dispute resolution, Pakistan has to consider being more closely associated with either the Dubai International Arbitration Centre (DIAC) or the Singapore International Arbitration Centre (SIAC). This decision is no longer solely an economic one but is increasingly influenced by changing geopolitical dynamics, as conventional alliances are being reconfigured. China and Russia have a distinct inclination towards Dubai as a neutral venue, while the United States retains a strong affinity for Singapore’s common-law system; hence, Pakistan’s selection holds considerable political and economic significance. Pakistan has historically utilized London as its arbitration hub, but Singapore has recently become a popular choice due to their outreach and more collaborative posture. SIAC is known for being honest, efficient and based on English common law. It is broadly considered that with SIAC, Pakistani businesses can work with counterparts from Southeast Asia and the West in a safe, welcoming space. Here we will unpack both the options and try to bring out the best for us.

The constantly changing world of politics gives us an interesting counterargument. As China, Pakistan’s most important economic and political ally and a tested brother, moves towards Dubai alongside Russia, a different arbitration environment is emerging. DIAC, bolstered by massive investment and legal reforms, is positioning itself as the leading hub for the Global South and the Belt and Road Initiative, a project central to Pakistan’s infrastructure future.

We can consider that........

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