A new ordinance coming into force this month aims to make Hong Kong’s arbitration regime simpler and more flexible. It harmonises domestic and international arbitration and brings the framework up to date with the United Nations Commission on International Trade Law (UNCITRAL) Model Law, which sets the standard for national arbitration laws. It is also aimed at helping Hong Kong keep up with another former British colony: Singapore.
June 15, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Hong Kong is aiming to recover ground lost to Singapore with launch of much-touted new arbitration regime
A new ordinance coming into force this month aims to make Hong Kong’s arbitration regime simpler and more flexible. It harmonises domestic and international arbitration and brings the framework up to date with the United Nations Commission on International Trade Law (UNCITRAL) Model Law, which sets the standard for national arbitration laws.
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