What s new at HKIAC? Chiann Bao, Former Secretary General Hong Kong International Arbitration Centre
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1 What s new at HKIAC? Chiann Bao, Former Secretary General Hong Kong International Arbitration Centre
2 Recent Developments at HKIAC þ HKIAC s newest Secretary General þ Top International Rankings for HKIAC in 2015 and 2016 Ø 2015 Queen Mary International Arbitration Survey Ø Global Arbitration Review s Hearing Centres Survey þ HKIAC in China Ø Global Arbitration Review s Best Development of 2015 Ø 2015 Special Contribution Award þ New Practice Notes Ø HKIAC Practice Note on Consolidation of Arbitrations Ø HKIAC Practice Notes on Costs of Arbitration þ HKIAC Tribunal Secretary Accreditation Programme þ HKIAC Arbitration Clause Negotiation Workshop 2
3 HKIAC s Newest Secretary General Ø Effective September 2016 Ø More than 14 years of experience in the field of international arbitration, spanning inter-state, investorstate and international commercial arbitration Ø Longest serving Senior Legal Counsel at the Permanent Court of Arbitration (PCA) 3
4 2015 Queen Mary International Arbitration Survey Ø A prominent empirical investigation into arbitration practices carried out by the Queen Mary University London Ø HKIAC named as the most preferred arbitral institution outside of Europe (third most preferred in the world) Ø Quality of Administration Ø Internationalism Ø Global Presence 4
5 Global Arbitration Review s Hearing Centres Survey Ø HKIAC ranked first in the Global Arbitration Review s Hearing Centres Survey for: Ø Location Ø Perceived value for money Ø Helpfulness of staff Ø IT services The prices at the Hong Kong Interna2onal Arbitra2on Centre are very compe22ve and very reasonable, taking into account of the loca2on and facili2es provided. Survey Respondent 5
6 Launch of the Shanghai Representative Office Ø First international arbitral institution to open a representative office in China: major stride in promoting international arbitration services in China Ø Best Development in 2015 Ø Located within the China (Shanghai) Pilot Free Trade Zone, which is designated by the State Council as an area to support the introduction of internationally renowned commercial dispute resolution institutions 6
7 2015 Special Contribution Award Ø HKIAC received the Special Contribution Award ( 特别贡献奖 ) from the China University of Political Science and Law and Legal Daily for its concept of arbitration services and efforts in constructing a system to prove such services Ø Only offshore arbitral institution that has won the Award 7
8 New Practice Notes Ø Practice Note on Consolidation of Arbitrations Ø Sets out the particulars to be included in the Request for Consolidation and any response thereto Ø Practice Notes on Cost of Arbitration Ø Detailed provisions on: Ø Determination and payment of arbitral tribunal s fees and expenses Ø Determination and payment of tribunal secretary s fees and expenses Ø Payment and refund of HKIAC s Administrative Fees Ø Deposits for Costs Source: 8
9 HKIAC Tribunal Secretary Accreditation Programme Ø World s first tribunal secretary accreditation programme to train and accredit a new generation of qualified tribunal secretaries Ø Passing the written and oral examination allows candidates to be eligible to apply for admission to a list of certified tribunal secretaries to be established and maintained by HKIAC Ø Taught by faculty comprised of experienced former or current tribunal secretaries based in jurisdictions across Asia, Europe, North America and Australia Ø Rolled out in Hong Kong, Beijing, London, Singapore. To be rolled out in other jurisdictions soon! 9
10 Arbitration Clause Negotiation Workshop Ø Relevant as arbitration is the most preferred mode of dispute resolution for cross border disputes Ø With mock negotiation played by experienced arbitration practitioners Ø Commentator discusses takeaway points as the negotiation progresses Ø Rolled out in Shanghai, Moscow, Hanoi, Hong Kong. Ø In Mumbai on 26 October
11 Questions? WEBSITE ADDRESS 38 th Floor, Two Exchange Square Central, Hong Kong TEL (852) FAX (852)
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