Bühler GmbHSailors SocietyCimbriaPort of South LouisianaPort of StocktonVan Aalst
  • Bühler GmbH
  • TOC Europe 2023
  • Coaltrans Asia 2023
  • IMPA Events
  • Van Aalst
  • Cimbria

Hong Kong’s potential as even more attractive arbitration hub

(Posted on 01/11/18)

Hong Kong has the potential to become an even more attractive international hub for arbitration in the Far East if it develops a more global strategy and embraces foreign investment, according to Edward Yang Liu, Hill Dickinson counsel in Hong Kong.

Hong Kong has its own unique advantages and favourable conditions and can provide convenient, neutral and diversified legal and dispute resolution services for international businesses.

In particular, Hong Kong benefits from being the only Chinese jurisdiction which practices common law and adopts a common law system familiar to the international business sector. Hong Kong also possesses a strong professional legal community (including approximately 1,500 registered foreign lawyers from different jurisdictions)  whose members have extensive experience in resolving commercial disputes in international commerce, intellectual property and shipping.

Speaking at the International Maritime Law Conference in Shanghai today (30 October), Mr Liu urged Hong Kong to “utilise its uniqueness” and make full use of the Belt and Road initiative in order to expand is arbitration sector.

“Arbitration has long been welcomed by commercial industries for its distinct advantages of finality, simplicity, flexibility and confidentiality,” he said. “Hong Kong is a popular seat for arbitration due to it being a common law jurisdiction and its incorporation of clauses and ideas in both of the UNCITRAL Model Law and the English Arbitration Act 1996 to ensure international recognition and reinforcement of its global status as an international legal hub.”

Acknowledging the fact that Hong Kong’s popularity seems to have dwindled a little in recent years he added that: “Hong Kong should address any technical and commercial problems under its existing arbitration regime and utilise opportunities under the Belt and Road Initiative and the Guangdong-Hong Kong-Macau Greater Bay Area Plan in order to expand its arbitration sector.”

Latest News

INTERCARGO stresses commitment to MARPOL on World Maritime Day

(Posted on 27/09/23)

As the global shipping industry today celebrates World Maritime Day with its central theme of &ldquo... Read more


GTMaritime reaches 15,000-vessel milestone

(Posted on 26/09/23)

Leading provider of secure maritime data communications software, GTMaritime, has reached 15,000 installations... Read more


Posidonia Masterclass in Shipping now live

(Posted on 26/09/23)

Posidonia Exhibitions, organisers of Posidonia, the International Shipping Exhibition, is launching... Read more


NorthStandard identifies future path of P&I as it realizes early consolidation gains

(Posted on 19/09/23)

Seven months after its formal launch, NorthStandard is already realizing tangible benefits from combining... Read more


Core Power adds US heavyweights to Global Advisory Board

(Posted on 12/09/23)

Maritime nuclear technology company CORE POWER has boosted its Global Advisory Board with four new high... Read more


Foreship makes further commitment to growth in the UK

(Posted on 12/09/23)

Foreship has relocated its UK subsidiary to larger premises and appointed Tuur Killaars as Senior Sustainability... Read more


DNV and PCL to expand collaboration in ESG and key operational areas

(Posted on 08/09/23)

Classification society DNV has signed a Memorandum of Understanding (MoU) with Singapore-based ship... Read more


ISG partnership with MLS to enhance training for maritime sector

(Posted on 08/09/23)

Leading blended learning provider Intelligent Seas Group (ISG) is delighted to announce its collaboration... Read more


Panama Canal water levels to remain exceptionally low for months

(Posted on 04/09/23)

Record year-on-year declines in rainfall has been identified as the ‘likely culprit’ for... Read more


Change in MENAS Light Dues to ensure future of Aids to Navigation

(Posted on 04/09/23)

After years of keeping a vital navigation service operating on the same income, Middle East Navigation... Read more


TOC Europe 2023ViganTMS Awards 2023Coaltrans Asia 2023TOC Africa 2023Telestack
  • TMS Awards 2023
  • TOC Africa 2023
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping