Bar Counsel Welcomes New Hong Kong Arbitration Ordinance
02 Jun, 2011
The Bar Council, which represents barristers in England and Wales, has welcomed the new Hong Kong Arbitration Ordinance (HKAO), which has now come into effect, having been approved by the Hong Kong Legislative Council at the end of last year.
The HKAO is a product of lengthy discussion and consultation and sees the unification of domestic and international arbitration rules. The new regime follows a similar structure to the internationally-accepted framework of the UNCITRAL Model Law, with some particular features to suit the local market.
Peter Lodder QC, Chairman of the Bar, said:
“Many years in the making, the HKAO is extremely welcome and continues to ensure that Hong Kong is a friendly and receptive home for international arbitration. This is particularly good news for the Bar, which continues to offer high quality and competitively priced services in arbitrations all over the world.”