Hong Kong ideally placed to become hub for ‘Belt and Road’ contract law and dispute resolution

Hong Kong2016 | Octubre 17
Hong Kong Vision Project says we need more arbitration bodies based in Hong Kong, an international building or complex, a designated court to deal with Belt and Road projects, an increase in the number of dispute resolution practitioners, a longer list of arbitrators and mediators drawn from overseas, a database of the 65 Belt and Road countries’ local laws to develop transnational laws applicable to projects, revision of our Arbitration Ordinance, the introduction of third party funding and Sharia law compliance.

These points, even if correct in principle, do not address with sufficient focus the need to ensure that Hong Kong’s status in dispute resolution services is regarded as “go to” – so that foreign governments, mainland Chinese state-owned enterprises, other participants such as consultants based in the UK, EU or US and of course the funders are all objectively satisfied that adopting Hong Kong law and Hong Kong as the seat of arbitration are sound and effective choices.

Origen:
Hong Kong ideally placed to become hub for ‘Belt and Road’ contract law and dispute resolution | South China Morning Post

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