IMMEDIATE PRESS RELEASE
In an effort to support parties embarking on projects related to China’s Belt and Road Initiative (BRI), HKIAC has formed an industry focussed Belt and Road Advisory Committee and launched an online resource platform dedicated to the BRI.
The HKIAC Belt and Road Advisory Committee brings together legal and commercial expertise across a range of Belt and Road industry sectors including finance, infrastructure, construction and maritime. A full list of the HKIAC Belt and Road Advisory Committee members can be found below and here.
HKIAC’s online resource platform hosts publications and reports relevant to the BRI; a list of past and future HKIAC BRI events; and information on dispute resolution options for BRI projects. The platform will be updated regularly with news and practical information for business and legal professionals.
The establishment of the Advisory Committee and the online resource platform enhance HKIAC’s outreach efforts in Mainland China and BRI economies. In coming months, HKIAC will conduct capacity building workshops in Vietnam, Indonesia and Myanmar.
To access the online platform and to view HKIAC's video on the relevance of arbitration to BRI projects, please click here.
Hong Kong is set to play an important role in the BRI as the dispute resolution venue of choice for parties from China and BRI countries.
Former Secretary for Justice of Hong Kong SAR, and Advisory Committee member, Rimsky Yuen GBM, JP, recognises that: “proper legal risk management is crucial for any Belt and Road project, and Hong Kong, with its modern legal infrastructure and expertise in dispute resolution, is an ideal neutral venue for resolving Belt and Road disputes.”
Gillian Meller, Advisory Committee member and Legal and European Business Director at the MTR Corporation welcomes HKIAC’s efforts: “The inclusion of a well drafted dispute resolution mechanism, incorporating a trusted venue, is key for risk management in high value cross-border contracts. I’m pleased to see HKIAC taking a leading role in providing parties to Belt and Road contracts with such a well-tested option.”
Sarah Grimmer, HKIAC Secretary-General: “HKIAC has years of experience handling cases between Chinese and non-Chinese parties. As such, HKIAC is well prepared to support all parties in their Belt and Road endeavours.” In 2017, 55% of arbitrations administered by HKIAC involved a Mainland Chinese party, and one-third of all cases were between a Mainland Chinese party and a party from a BRI jurisdiction.
HKIAC BELT AND ROAD ADVISORY COMMITTEE (in alphabetical order)
- David Beaves (Senior Partner, Head of Hong Kong Office, Ince & Co)
- Peter Burnett (Head of Corporate Finance for Northeast Asia, Standard Chartered Bank; Chairman of the Belt and Road Committee, Hong Kong Association of Banks)
- Vincent Connor (Partner, Head of Hong Kong Office, Pinsent Masons)
- Philip Kung (Head of Business & Professional Services, Invest HK)
- Stanley Lo (Managing Director, Hsin Chong International Infrastructure Co. Ltd.)
- Gill Meller (Legal and European Business Director, MTR Corporation Limited)
- Kelly Outram (Director, Head of Construction, Jardine Lloyd Thompson Limited)
- Robert Rhoda (Partner, Bird & Bird; Council Member, Hong Kong Law Society Belt & Road Committee)
- Christopher Stephens (General Counsel, Asian Development Bank)
- Maria Tan Pedersen (Partner, Jones Day)
- Jihong Wang (Partner, Zhong Lun Law Firm)
- Rimsky Yuen GBM, JP (Senior Counsel, Temple Chambers; Former Secretary for Justice, HKSAR)
Hong Kong International Arbitration Centre
Tel: (852) 2525 2381
Fax: (852) 2524 2171