Credit: Feng Yu/AdobeStock China Signals Ambitions to Become Key Player in International Arbitration
The new Hong Kong branch of the Shanghai International Arbitration Centre demonstrates China's desire to grow its presence in international dispute resolution. But some think the country has a way to go before it can compete with Hong Kong or Singapore as the region's premier arbitration destination.
June 12, 2024 at 05:07 AM
4 minute read
Alternative Dispute Resolution
Spring in Hong Kong saw a flurry of legal events, one of which was the inauguration of the Hong Kong branch of the Shanghai International Arbitration Center—its first branch outside of mainland China.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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