Dispute Resolution - Arbitration

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HKIAC and Hong Kong are the dispute resolution combination for OBOR disputes with a reliable and well-tested system for handling disputes arising under commercial contracts between OBOR parties. 

Some of the reasons why HKIAC is well-positioned as the OBOR dispute resolution hub:

  • Enforceability

    •  Arbitration provides users with a final binding decision, which is enforceable in over 156 countries globally, making it the most viable dispute resolution tools for cross-border transactions.
    • HKIAC awards have a stellar track record of enforcement in OBOR countries, and an unrivalled record of enforcement in Mainland China.
  • Affordability

    • HKIAC has the most competitive administrative fees amongst major international arbitration institutions.
    • Parties can consider the complexity and value of the dispute before deciding whether to pay the tribunal an hourly rate or a percentage of the amount in dispute under HKIAC’s Administered Arbitration Rules (HKIAC Rules).
    • HKIAC offers free premium hearing space overlooking Victoria Harbour for disputes involving a state listed on the OECD development assistance list. 70% of the OBOR countries are on the OECD list.
  • Efficiency

    • HKIAC Rules can be strategically used to control costs and increase efficiency suitable for multi-party multi-contract construction, joint venture or project finance disputes.
    • These far-reaching provisions allowing multiple arbitrations to be consolidated, additional parties to be joined to arbitrations, and single arbitrations to be commenced under multiple contracts. 
    • Emergency arbitrators can be appointed and the expedited procedure adopted where urgent relief is required.
  • Neutrality

    • Hong Kong's proximity to Mainland China ensures an unrivalled understanding of China yet under the “one country two systems” doctrine Hong Kong maintains an independent legal system.
    • Hong Kong upholds the rule of law, which is overseen by an independent judiciary with a proven pro-arbitration stance.

Mitigate risk in OBOR projects by selecting an HKIAC dispute resolution clause that will provide for the reliable resolution of disputes through settlement or a binding decision that is enforceable in over 156 countries worldwide. 

For further details on HKIAC’s arbitration services click here

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