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8 Hong Kong

Michael Moser, John Choong

From: Choice of Venue in International Arbitration

Edited By: Michael Ostrove, Claudia Salomon, Bette Shifman

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 25 January 2022

Subject(s):
UNCITRAL Model Law — Arbitral tribunals — Conduct of proceedings — Place of arbitration

This chapter evaluates the merits of Hong Kong as a venue for international arbitration proceedings. Hong Kong is a Special Administrative Region of the People's Republic of China (PRC). British rule ended in 1997, with the PRC assuming sovereignty under the ‘one country, two systems’ principle. Hong Kong has long been one of the leading arbitral seats in Asia. Its prominence as a leading arbitral seat is due in large part to the establishment of the Hong Kong International Arbitration Centre (HKIAC) in 1985 and adoption in 1990 of the United Nations Commission on International Trade Law (UNCITRAL) Model Law on International Commercial Arbitration. Arbitration law and practice has remained unaffected by the handover to the PRC. Today Hong Kong continues to be widely regarded as one of the leading arbitral venues in Asia, particularly for China-related disputes. In addition, Hong Kong is also increasingly seen as one of the leading international arbitration seats worldwide.

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