The Hong Kong Court of First Instance stays third party proceedings commenced by an insured against an insurer, on the basis that the parties are bound by the arbitration clause contained in the insurance policy. Despite the outcome being that the main action and the third party proceedings will ultimately be pursued in different forums, by upholding the parties’ contractual agreement to arbitrate, the Court reinforces its pro-arbitration credentials and the principle of party autonomy.
Read moreHong Kong court stays proceedings for arbitration, honouring arbitration agreement in insurance policy
The Hong Kong Court of First Instance stays third party proceedings commenced by an insured against an insurer, on the basis that the parties are bound by the arbitration clause contained in the insurance policy. Despite the outcome being that the main action and the third party proceedings will ultimately be pursued in different forums, by upholding the parties’ contractual agreement to arbitrate, the Court reinforces its pro-arbitration credentials and the principle of party autonomy.
Read moreLetter: Hong Kong’s role as a hub for arbitration is growing
The article “Businesses look at cutting Hong Kong from contracts over fears for rule of law” (Report, February 1) unfortunately illustrates an incomplete picture of Hong Kong. Notwithstanding the violence in 2019, statistics from one of the arbitral institutions in Hong Kong, the Hong Kong International Arbitration Centre (HKIAC), show that the number of arbitration cases handled in Hong Kong last year actually increased, with 318 new cases, the highest number since 2009.
The article “Businesses look at cutting Hong Kong from contracts over fears for rule of law” (Report, February 1) unfortunately illustrates an incomplete picture of Hong Kong. Notwithstanding the violence in 2019, statistics from one of the arbitral institutions in Hong Kong, the Hong Kong International Arbitration Centre (HKIAC), show that the number of arbitration cases handled in Hong Kong last year actually increased, with 318 new cases, the highest number since 2009.
HK remains a leading hub for international arbitration, says Justice Secretary
Hong Kong's Secretary for Justice Teresa Cheng Yeuk-wah said Hong Kong will continue to serve as an international legal hub for deal-making and dispute resolution services, and to clarify misconceptions and misunderstanding through concerted efforts in promotion and explanation.
Writing on her official blog, Cheng said today that Hong Kong excels as a leading arbitration center, with the arbitral service well known for its flexibility, and the enforceability of awards in over 160 jurisdictions.
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