Jurisdiction(s):
United Kingdom

Key definition

Commercial arbitration definition

What does Commercial arbitration mean? The resolution of business disputes by private arbitration arising out of commercial transactions, such as sale of goods, construction, shipping, energy, finance or technology contracts. It is usually between companies or other private parties, but can include states or state‑owned entities when acting in a commercial capacity. The term is descriptive rather than a defined statutory category. In England & Wales and Northern Ireland, commercial arbitration is governed by the Arbitration Act 1996; in Scotland by the Arbitration (Scotland) Act 2010; and in Ireland by the Arbitration Act 2010, which gives the UNCITRAL Model Law the force of...

Korean Commercial Arbitration Board (KCAB) international arbitration: practitioners’ overview of the institution and 2016 Rules, including appointment confirmation, joinder and consolidation, emergency arbitrator and expedited procedures

Published by a LexisNexis Arbitration expert

Practice notes

Background

Established in 1966, the Korean commercial arbitration Board (KCAB) unveiled a distinct set of International rules in 2007, which were updated in 2011 and then again in 2016. The KCAB’s 2016 International arbitration rules (2016 International Rules) entered into force on 1 June 2016, mirroring developments in international arbitration practice at the time. Their issuance marked KCAB’s 50th anniversary and coincided with the first major revision of the Korean Arbitration Act since 1999. Passage of the Arbitration Industry Promotion Act in June 2017 signalled continuing governmental backing to advance Korea as a leading centre for international arbitration, including public funding for arbitral institutions such as the KCAB, alongside support for practitioners, research activity and arbitration infrastructure within Korea. KCAB International was launched in April 2018 as a specialised arm within KCAB to administer cross-border cases under the KCAB International Rules. In 2024, the KCAB received 349 new matters, of which 48 were new international cases at KCAB International. This practice note presents an overview of the procedure for international arbitration under the 2016 International Rules. KCAB has prepared a helpful English commentary on the 2016 International Rules, which further concerns the KCAB’s 2016 International Arbitration Rules in English as such...

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Kun-Hee Cho

Kobre & Kim

Kunhee Cho is a dual-qualified Korean lawyer and English solicitor focused on complex cross-border litigation involving commercial fraud and misconduct. He advises clients across multiple sectors including finance, energy and construction on the monetization and dilution of high value claims, judgments and arbitral awards. His cases involve the formulation of multi-jurisdictional strategies across common law and civil code systems, which often engage issues of enforcement of foreign judgments and arbitral awards, asset tracing and recovery, interim relief, disclosure and insolvency. He has represented clients in English and South Korean courts. He is well versed in international commercial arbitration and investor-state arbitration, having conducted proceedings in major arbitral institutions around the world (ICC, LCIA, LMAA, PCA, UNCITRAL, KCAB and JCAA)....

Web page updated on 21/05/2026

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