You have0 free article left this month.
Register for a free account to access unlimited free content.
You have 0 free article left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Australia must do more to attract international arbitrations

The world of international commercial arbitration has not yet been “adequately penetrated” by the Australian Bar, but there are ways to bring such arbitrations to our shores, argues a former Federal Court judge.

user iconJerome Doraisamy 30 September 2019 The Bar
the Honourable Roger Gyles AO QC
expand image

In his Report on Opportunities for Australian Barristers in International Arbitration, presented at the recent Australian Bar Association’s “Convergence” conference in Singapore, the Honourable Roger Gyles AO QC considered how to retain international work in, and bring such work to, Australia, and how to facilitate the briefing of Australian barristers to work overseas, particularly in our region.

“There is a world of international commercial arbitration with an interesting and lucrative role for Australian barristers as advocates and arbitrators that has not been adequately penetrated by the Australian Bar,” he wrote.

But, he added, “the success of Australian arbitrators, the number of Australians that have been [in] positions of relevance in the international arbitration institutions, the number of Australians working in the field of international firms and the success of the barristers who have been working in the field, illustrate that Australian lawyers, including barristers, can hold their own against world competition”.

Countries like Singapore and Hong Kong, Mr Gyles wrote, have “leaped ahead of Australia” in attracting international commercial arbitrations, despite having started from much the same position.

On the question of why Australia has had a “relative lack of success” in attracting such arbitration, he wrote that one usual response is geography.

“That is certainly true when looked at from the vantage point of Europe. It is also true that Singapore and Hong Kong are somewhat closer to many Asian capitals than Australian cities.”

But, he added, “geography cannot be changed, but hopefully perceptions can be”.

There is also a perceived issue, Mr Gyles continued, “of Australia speaking with many voices due to our federal system and the lack of any dominant commercial city”.

When it comes to enhancing opportunities for Australian barristers in the region, he opined that the state and territory bars should “recognise and facilitate the leadership of the ABA” in the handling of international outreach, and the national body should “accept such leadership as an ongoing commitment”.

“The ABA should pay an institutional role similar to that of the Council of the Bar of England and Wales through a reorganised and enhanced international committe. The chair should be an acknowledged leader of the bar with a commitment to taking the Australian Bar to the world,” he wrote.

“The ABA should construct a database of barristers involved in international work, particularly arbitration work, with a view to forming an Australian Bar international arbitration community under the aegis of the International Committee; and with a view to enabling solicitors and potential clients to have ready means of locating barristers practising in international arbitration together with their other fields of practice.”

Further, the ABA should use its influence with local bars to have international commercial arbitration recognised “as a legitimate and desirable” field of practice, he noted.

In attracting arbitrations to Australia, Mr Gyles said that the ABA has to strive, among other things, to remove visa restrictions on arbitrators, parties, lawyers and witnesses, support the provision of a “state-of-the-art arbitration centre in Australia” on the eastern seaboard with a satellite in Perth and explore the use of the physical and file management facilities of the Federal Court for international arbitrations.

“A more effective promotion of Australian arbitration is needed to stop the bleeding of Australian-based disputes to arbitration elsewhere and accelerate attracting international arbitrations to Australia,” he said.

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au 

Comments (5)
  • Avatar
    There are two key issues which have made this idea a non-starter. Firstly, the tyranny of distance; as someone says here, why would you go further than Singapore when everything you need is right there? Why would you add another eight hours of travelling, and incur the cost of bringing in and accommodating arbitrators, counsel and parties, when your best bet right now is to use the facilities of a hotel or business centre? Secondly, lack of investment: while the perceived impartiality of Hong Kong may be more of a question mark than it used to be, the Singapore government has spent millions building up (and out) Maxwell Chambers which is now a hotspot in terms of representation by international barristers (whose sets have chambers in the building) and reputation. I was at the opening of Maxwell Chambers a few years ago and the Hong Kong based arbitrators and barristers who attended were wringing their hands about how this swanky new facility would adversely impact the HKIAC as the location of choice (and it did). Australia has never had a chance in comparison, especially if the Federal Government won't invest in a single, world class facility in a single location.
    2
  • Avatar
    Why should parties to an arbitration from Asia (Africa or the Middle East), consider Australia as a seat when any informed individual would know that the perception recent Australian governments (and the Australian public generally) have of non-White people is very unpleasant?
    2
  • Avatar
    This has been a biglaw fantasy for some time. I always say, "Why fly past Singapore, to go to Australia?" Tell them they're dreamin.
    3
  • Avatar
    Andrew Kincaid, Melbourne. Tuesday, 01 October 2019
    How long have senior Australian arbitration practitioners been mulling over this issue? 30 years?
    4
Avatar
Attach images by dragging & dropping or by selecting them.
The maximum file size for uploads is MB. Only files are allowed.
 
The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
Posting as
You need to be a member to post comments. Become a member for free today!