Hong Kong’s new Arbitration Ordinance (Cap. 609) will come into operation on 1 June 2011. Enacted last November, the new law will replace Hong Kong’s current Arbitration Ordinance (Cap. 341). It represents an important step by the Hong Kong Government and the arbitration community in their efforts to promote Hong Kong as a major centre for international arbitration in Asia, according to Orrick.
Background Impact on Hong Kong arbitrations • It gives legal effect to provisions of the UNCITRAL Model Law, subject to the modifications and supplements that are expressly provided for in the new Arbitration Ordinance. The new Arbitration Ordinance will apply to all arbitrations in Hong Kong commencing on or after 1 June 2011. It will, among other things, facilitate the conduct of arbitration proceedings and further promote Hong Kong as a regional centre for dispute resolution. |
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