New Arbitration Ordinance in Hong Kong Effective June 1 2011
Hong Kong’s new Arbitration Ordinance (Cap 609) came into effect on June 1 of this year. The ordinance, largely based on the UNCITRAL model law on International Commercial Arbitration, will make Hong Kong an attractive venue for international arbitration and dispute resolution. The Model Law regime brings together many widely accepted principles of arbitration practice and is familiar to practitioners in both common and civil law jurisdictions. With Hong Kong as an increasingly dynamic conjunction point for trade between Mainland China and the rest of the world, the new ordinance will pave the way for effective international dispute settlement in the region.