As a leading hub for international arbitration, the Hong Kong International Arbitration Centre (HKIAC) has earned a reputation for providing efficient, impartial, and innovative dispute resolution services. In this post, we will address some of the most commonly asked questions about the HKIAC to help you better understand its role and benefits.
The HKIAC is an independent, non-profit dispute resolution institution headquartered in Hong Kong. Established in 1985, the HKIAC administers a wide range of dispute resolution services, including international commercial arbitration, mediation, and other forms of alternative dispute resolution.
Hong Kong's unique position as a global financial centre, its common law legal system, and its strong track record of enforcing arbitral awards makes it an attractive seat for international arbitration. The HKIAC offers world-class facilities, experienced arbitrators, and efficient case management, attracting parties from around the world.
The HKIAC administers a diverse range of commercial disputes, including those related to construction, energy, finance, intellectual property, joint ventures, M&A, and more. Its caseload includes both ad-hoc and institutional arbitrations under the HKIAC Administered Arbitration Rules.
Parties can select their own arbitrators or request the HKIAC to appoint the tribunal. The HKIAC maintains a panel of experienced arbitrators from various legal backgrounds and jurisdictions to ensure impartiality and expertise.
The HKIAC Arbitration Rules provide a comprehensive framework for the conduct of international arbitrations. Key features include expedited procedures, emergency arbitrator provisions, and the ability to consolidate related proceedings.
Hong Kong is a signatory to the New York Convention, making HKIAC awards enforceable in over 160 countries. The HKIAC also works closely with courts in Mainland China to facilitate the enforcement of awards.
In addition to arbitration, the HKIAC provides mediation, adjudication, and domain name dispute resolution services. It also hosts various events and training programmes to promote thought leadership in international dispute resolution.
As a globally recognised institution, the HKIAC continues to evolve to meet the needs of the modern business world. Whether you are considering Hong Kong as the seat for your next international arbitration or simply want to learn more about its dispute resolution capabilities, the HKIAC is worth examining as a premier choice.
