Hong Kong Strengthens Position As Leading Jurisdiction For International Arbitration With Major Overhaul Of Legislative Framework
Mondaq Business Briefing › Hong Kong Law Articles in English (2011)
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Hong Kong Strengthens Position As Leading Jurisdiction For International Arbitration With Major Overhaul Of Legislative Framework
The much-anticipated Hong Kong Arbitration Ordinance (Cap.609) (the "Ordinance") came into effect on 1 June 2011. This new piece of legislation furthers Hong Kong's status as being a prime seat for international arbitration in the region by replacing the complex and fragmented old Arbitration Ordinance (Cap.341) with a clear and straightforward legislative framework based on the internationally recognized UNCITRAL Model Law ("Model Law").
While most provisions in the Ordinance will follow the articles from the Model Law, there will be minor changes and omissions to reflect the local environment, which are discussed in more detail below. Importantly, the distinction between domestic and international arbitrations wil...See the full content of this document
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