Hong Kong launches one-month consultation on arbitration law reforms
Stakeholder consultation part of efforts to enhance Hong Kong’s competitiveness as international dispute resolution hub
Hong Kong authorities have launched a one-month consultation to reform the city’s arbitration laws, as part of efforts to enhance its competitiveness as an international dispute resolution hub and advance an objective laid out in its first local five-year plan.
The Department of Justice said on Monday that the one-month stakeholder consultation for amendments to the Arbitration Ordinance, which governs the use of the alternative dispute resolution mechanism, would cover four key areas to enhance the existing framework.
“Ultimately, these enhancements will attract more businesses to choose Hong Kong as their seat of arbitration and enable them to benefit from our enhanced arbitration legislative framework that keeps pace with the times, and our internationally recognised arbitration services,” a spokesman said.
