The International Chamber of Commerce’s decision to open an arbitration branch in Hong Kong is an endorsement of the city’s position as a premier center for international arbitration services.

Hong Kong Secretary for Justice Wong Yan Lung, S.C. welcomed the announcement by the International Chamber of Commerce (ICC) of its decision to open a branch of the Secretariat of its International Court of Arbitration in Hong Kong.

The branch secretariat, the first in Asia, will have a case management team to administer cases in the region under the ICC Rules of Arbitration. It is expected to be fully operational by the end of the year.

“It is our policy objective to strengthen Hong Kong as a center for arbitration,” said Mr. Wong. “Apart from forging closer ties with international arbitral bodies, the Department of Justice has recently published a Consultation Paper on reform of the law of arbitration in Hong Kong and draft Arbitration Bill. The reforms proposed in the Consultation Paper and reflected in the draft bill will improve our legal infrastructure for arbitration services.”

Mr. Wong said the ICC’s decision to set up a branch of the secretariat of the court in Hong Kong is an endorsement of Hong Kong’s position as a premier center for international arbitration services. “Its presence will enhance the provision of arbitration services in Hong Kong,” he added.

The ICC International Court of Arbitration is one of the world’s top international dispute resolution institutions.  It is assisted by a secretariat located at the ICC headquarters in Paris. In 2007, it handled 599 domestic and international arbitrations.

The Court oversees the ICC arbitration process and, among other things, is responsible for appointing arbitrators and scrutinizing and approving all arbitral awards.