Racing tigers: Hong Kong steps up the battle with Singapore to claim Asia’s arbitration crown
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.
Hong Kong is aiming to recover ground lost to Singapore with launch of much-touted new arbitration regime
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