Arbitration in the HKSAR is governed by the Arbitration Ordinance, which
provides a domestic regime derived from English law and for international
arbitrations incorporates the Model Law adopted by the United Nations Commission
on International Trade Law.
HKSAR awards can be enforced in more than 135 jurisdictions that are
signatories to the New York Convention on the Recognition and Enforcement of
Foreign Arbitral Awards. A system for reciprocal enforcement of arbitration awards
between the HKSAR and the Mainland, based on the spirit of the New York
Convention, has been in place since January 2000. In June 2000, the summary
enforcement of other awards (e.g. from Taiwan and Macao) was introduced.
The Hong Kong International Arbitration Centre (HKIAC) was established in
1985 to be the focus for Asia of dispute resolution. The HKIAC provides advisory and
support services for the resolution of local and international disputes by arbitration,
adjudication and mediation.
|