Given Hong Kong’s importance as a premier arbitration centre for the region it is appropriate that no less than three of the events at this year’s Hong Kong Maritime Week (HKMW) dispute resolution as their theme.
But ahead of HKMW there has been a breakthrough agreement with mainland China that in the months and years ahead will boost the attractiveness of Hong Kong as the arbitration centre of choice when cases have a China element.
Described by Secretary of Justice Teresa Cheng yeuk-wah as a “game-changer” the agreement allows the interim protection of assets, evidence and other measures in mainland China involved in arbitration cases heard in Hong Kong. The new agreement will come into effect on the auspicious date of October 1.
The Hong Kong International Arbitration Centre the sealing of the agreement between the Government of Hong Kong and the Supreme People’s Court of the People’s Republic of China on 26 September.
Under the Arrangement, any party to arbitral proceedings seated in Hong Kong and administered by HKIAC or another qualified arbitral institution may, prior to the issuance of the arbitral award, apply to the relevant Mainland Chinese courts for interim measures in relation to the arbitral proceedings in accordance with the relevant laws and regulations of Mainland China. HKIAC reported on the signing of the Arrangement here.
Initiated by the local arbitration sector, Hong Kong is the first and only jurisdiction to have obtained such an arrangement with the mainland, offering a distinct advantage to the territory over closest rival Singapore.
Among the organisers at the HKMW is the Hong Kong International Arbitration Centre. HKIAC will hold a Maritime Law and Arbitration Seminar on 17 November at the HKIAC centre, the venue for many of the arbitration cases in the territory.
The Hong Kong and Mainland Legal Professionals Association is organising Maritime Dispute Resolution in a Weak Market on 19 November at the Function Hall, Department of Justice on Lower Albert Road.
And finally, the joint organisers of Hong Kong Maritime Week 2019: Mock Arbitrations, are the Chartered Institute of Arbitrators (East Asia Branch), CMAC Hong Kong Arbitration Centre, Hong Kong Maritime Law Association, Hong Kong Maritime Arbitration Group.
To register for these timely events or any of the other exciting individual events and activities covering eight maritime related themes – Shipping and Maritime, Maritime law and Arbitration, Marine Insurance, Ship Finance, Ship Management, Port and Logistics, Maritime Technology, and Education and Career, go to the HKMW table of events and book now!
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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