Why Hong Kong?
- Hong Kong preserves the rule of law and its Common Law legal System with judges who are independent, professional, and efficient.
- Hong Kong offers highly cost-effective arbitration services compared to most other major arbitration institutions in Asia and around the world.
- Hong Kong's courts are considered pro-arbitration and take a "hands off" approach with respect to arbitration.
- The new Hong Kong Arbitration Ordinance, effective since 1 June 2011, further strengthens Hong Kong as a user-friendly UNCITRAL Model Law jurisdiction.
- Awards made in Hong Kong are enforceable in more than 140 jurisdictions through the New York Convention and the Arrangement Concerning Mutual Enforcement of Arbitral Awards between the Mainland and the Hong Kong Special Administrative Region.
- Hong Kong has an extraordinarily large pool of multilingual professionals including:
- over 1,100 barristers, 83 of whom are senior counsel
- over 6,700 local practicing lawyers and over 1,100 registered foreign lawyers
- approximately 26,000 engineers
- almost 29,000 accountants
- more than 7,500 members of the Hong Kong Institute of Surveyors
- over 3,700 architects according to the Hong Kong Institute of Architects
- Parties are free to choose arbitrators from anywhere in the world, and are to choose lawyers either from Hong Kong or from other jurisdictions.
- Hong Kong is conveniently located in Asia with direct flights to and from most major cities in the world.
- Hong Kong is at the forefront of training future ADR professionals. There are three law schools in Hong Kong, all of which have programmes in arbitration and alternative dispute resolution.
- The sister competition of the renowned Willem E. Vis Moot Competition, Vis Moot (East), is held in Hong Kong and continues to attract students around the world each year to compete in the international commercial arbitration moot court competition.
|
