Hong Kong Positioned as Premier Center for International Arbitration Services
The International Chamber of Commerce's (ICC) decision to open a branch of the Secretariat of its International Court of Arbitration in Hong Kong is an endorsement of the city's position as a premier center for international arbitration services, Secretary for Justice Wong Yan Lung said.
Mr. Wong added that ICC's presence would enhance the city's provision of arbitration services, noting that it is the Hong Kong government's policy objective to strengthen Hong Kong as a center for arbitration.
The Department of Justice's recent publication of a consultation paper on reforming arbitration law aims to improve the legal infrastructure for arbitration services.
The branch secretariat is the first in Asia. It will have a case management team to administer cases in the region under the ICC Rules of Arbitration. It will be in full operation by the end of the year.
The ICC International Court of Arbitration is one of the world's top international dispute resolution institutions. It oversees the ICC arbitration process and is responsible for appointing arbitrators and scrutinizing and approving all arbitral awards.
Hong Kong International Arbitration Center: http://www.hkiac.org/
Department of Justice's Reform of the Arbitration Law in Hong Kong and Draft Arbitration Bill: http://www.doj.gov.hk/eng/public/others.htm
ICC International Court of Arbitration: http://www.iccwbo.org/court/
HONG KONG ECONOMIC AND TRADE OFFICE IN WASHINGTON D.C.
1520 18th Street, N.W., Washington, DC 20036
Tel: (202)331-8947 Fax: (202)331-8958
To subscribe or unsubscribe, please send an e-mail to hketo@hketowashington.gov.hk
Copyright @ 2003, Hong Kong Economic and Trade Office in Washington D.C.
Hot Topics:
Useful Links:
Hong Kong Government Information Center
Hong Kong Trade Development Council