Japanese Arbitration – Much Work Done; Much Still to Do
This year will mark the 13th year since Mark Goodrich first advised a Japanese party in arbitration. In that time, Japanese arbitration has come a long away - from an antiquated arbitration law and lack of knowledge of its merits to a modern arbitration law based on the UNCITRAL model law and an increasingly sophisticated understanding of international arbitration in major Japanese corporates. However, there remains much work to do in order to make Japan a significant jurisdiction for international arbitration.
In this article, Mark Goodrich focuses on the Japan Commercial Arbitration Association (JCAA), the country's premier domestic arbitral institution – first, examining some recent statistics and secondly, expressing some personal views as to how the JCAA (and Japan more widely) can build on a modest trend of increase in international arbitration.