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politics & legal

First-of-its-kind arbitration center opens in Shanghai

The Hong Kong International Arbitration Centre (HKIAC) Shanghai Office, the first representative office set up by an international arbitration institution in mainland China, opened on November 19.

Hong Kong Secretary for Justice Rimsky Yuen said the Shanghai office will make Hong Kong’s first-class dispute resolution services more accessible to users in the region, creating a triple-win scenario.

The HKIAC Shanghai Office can further introduce Hong Kong’s brand of legal services in the Mainland; and Shanghai enterprises can make use of the Centre’s experience in solving business disputes. The new office will also provide further exchange and development opportunities for the legal and arbitration sectors in both places.

Looking ahead, Mr. Yuen pointed out that Shanghai and Hong Kong are facing business opportunities brought about by China’s development and the “Belt and Road” initiative, with high-end international legal and arbitration services forming an integral part of trade and economic development.

Hong Kong Secretary for Justice Rimsky Yuen (second from right), Hong Kong International Arbitration Centre (HKIAC) Chairperson Teresa Cheng, SC (third from right) and other guests attend the launching ceremony of the HKIAC Shanghai Office.

 


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