Recording of a webinar on Arbitration – the Hong Kong advantage 24 January 2022 with speakers:
Sarah Grimmer: Secretary-General, Hong Kong International Arbitration Centre
Kathryn Sanger: Partner, Hong Kong office of Herbert Smith Freehills
Murphy Mok: Registered Foreign Lawyer in the Hong Kong office of Herbert Smith Freehills
With
Julia Charlton: Chairman, Commonwealth Chamber of Commerce HK
Andrew Wells: Secretary General, Commonwealth Chamber of Commerce HK
This insightful webinar saw a range of participants tuning in to hear from a trio of distinguished speakers in their field of legal Arbitration.
The Hong Kong Government has encouraged the use of arbitration as an alternative dispute resolution method to facilitate fair and quick resolutions without unnecessary expense. Hong Kong has the third most preferred seat for arbitration in the world, with a score of 50% following loosely behind London and Singapore, according to the 2021 the Queen Mary University of London and White & Case International Arbitration Survey.
The arbitration process in Hong Kong allows for an independent and neutral forum as Hong Kong is ranked the most judicially independent in Asia by the World Economic Forum’s Global Competitiveness Report for several years. As parties involved are free to choose lawyers and arbitrations from all over the world with no restrictions. Therefore, as the first Asian arbitration statute to be based on the 2006 UNCITRAL Model Law, the Arbitration Ordinance which was introduced on 1 June 2011, grounds Hong Kong’s status as a user-friendly Model Law jurisdiction.