2019 WA Arbitration Initiative
May 22, 2019
The WA Arbitration Initiative, together with Francis Burt Chambers, FTI Consulting and ICC Australia, is pleased to present the results of the inaugural WA Arbitration Survey.
The Survey was conducted at the end of 2018 to interrogate the nature and extent of arbitration activity with a WA connection in the 2017/2018 financial year.
The results show significant arbitration activity and an active arbitration community in Western Australia.
There is significant experience both in domestic and international arbitration, particularly in the infrastructure, resources and energy sectors.
The Survey shows there exists a solid foundation from which WA Arbitration can develop and grow. The Survey data can be used to provide an evidential base for the promotion of Western Australia as an internationally recognised centre of expertise and excellence in commercial arbitration, particularly in relation to disputes arising within the mining and oil & gas industries for which Western Australia is internationally renowned.
The Future of Arbitration in WA
The WA arbitration community is thriving. The disputes that have arisen on WA’s major resource and infrastructure projects, particularly over the last few years, have fostered the development of a pool of arbitration expertise and experience in WA.
The Report reveals opportunities for WA practitioners to increase their involvement in the international market for dispute resolution services. WA firms are taking advantage of the expertise of local practitioners, Perth’s amenity and the comparative price advantage of Australian lawyers to be involved in international arbitrations that have no particular geographic or legal connection with Western Australia. The disputes in which WA practitioners have been involved are typical of disputes which arise all over the globe.