SyCipLaw Senior Partner and Head of Litigation Department Ricardo P.G. Ongkiko, Partners John Christian Joy A. Regalado, and Ma. Patricia B. Paz-Jacoba have authored the Philippine chapter in the newly released Chambers International Arbitration 2024 Global Practice Guide (GPG).
This chapter explores the significant rise in the use of international arbitration to resolve disputes in the Philippines, aligning with the nation's public policy that favors arbitration and emphasizes the inclusion of arbitration clauses in commercial contracts.
While disputes between domestic parties remain predominantly resolved through court litigation, there is a noticeable shift towards international arbitration for matters involving foreign counterparts or transactions with an international element. This preference is driven by the advantages of expedited resolutions, greater predictability, and reduced court intervention. The increasing inclination towards international arbitration reflects its effectiveness not only as a mode of dispute resolution involving foreign entities but also for the enforcement of foreign arbitral awards.
The Chambers International Arbitration 2024 GPG spans over 60 jurisdictions and serves as a crucial resource for understanding global arbitration practices and trends. This year's guide covers a wide range of topics, including governing legislation, the formation and function of arbitral tribunals, jurisdictional challenges, preliminary and interim relief, evidence handling, confidentiality, remedies, enforcement, review of awards, class actions, and third-party funding.
To access the Philippine chapter or to request a PDF copy, please visit the Chambers site or contact SyCipLaw at [email protected].