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Hong Kong’s new Arbitration Ordinance comes into effect
Practical Law UK Legal Update 7-506-3060 (Approx. 3 pages)
Hong Kong’s new Arbitration Ordinance comes into effect
by Practical Law
| Published on 02 Jun 2011 • Hong Kong - PRC, International |
John Choong (Senior Associate), Freshfields Bruckhaus Deringer LLP
On 1 June 2011, Hong Kong’s long awaited new Arbitration Ordinance (Cap. 609) came into effect.
The new Arbitration Ordinance is designed to increase Hong Kong's appeal as a venue for parties looking to resolve disputes with efficiency and certainty (see Legal update, New Hong Kong Arbitration Ordinance: official commencement date announced). The new Arbitration Ordinance aims to achieve this in a number of ways, including by:
- Removing the distinction between domestic and international arbitration.
- Creating a unified system based on the UNCITRAL Model Law.
- Reducing judicial intervention.
- Permitting a more effective use of interim measures.
- Providing greater structure to costs and taxation procedures.
- Setting out detailed provisions dealing with confidentiality.
For a more detailed analysis of the new Arbitration Ordinance, see Legal update, Hong Kong passes new Arbitration Ordinance.