Counsel and arbitrators give their take on why Hong Kong remains a world class arbitral seat of choice.
Key Points:
..Hong Kong courts continue to be independent and take a pro-arbitration and pro-enforcement approach that facilitates the arbitral process.
..HKIAC Arbitration Rules are innovative and progressive, allowing for cost-effective and efficient resolution of disputes, particularly in situations involving multiple parties and/or multiple contracts.
..HKIAC provides a diverse pool of international arbitrators and world-class services that help ensure a smooth arbitration process.
..Hong Kong benefits from its unique status as both a Special Administrative Region of China and as an international hub.
2020 has been a challenging year for Hong Kong, with recent events such as political protests, the enactment of the National Security Law, and the COVID-19 pandemic calling into question whether Hong Kong will continue to be a viable choice as a seat for arbitration.
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