Having the Permanent Court of Arbitration conducting arbitrations in Hong Kong is a vote of confidence in the SAR, writes Secretary for Justice Rimsky Yuen, SC
Hong Kong began the year of 2015 with wonderful news: the Host Country Agreement between the Government of the People’s Republic of China and the Permanent Court of Arbitration on the Conduct of Dispute Settlement Proceedings in the Hong Kong Special Administrative Region of the People’s Republic of China (HCA) and the related Memorandum of Administrative Arrangements (MAA) were officially signed in Beijing on 4 January. These two documents will greatly facilitate the conduct of dispute resolution proceedings, such as arbitration, by the Permanent Court of Arbitration (PCA) in Hong Kong.
Permanent Court of Arbitration
The PCA was established by the Conventions for the Pacific Settlement of International Disputes of 1899 and 1907. Headquartered in The Hague of the Netherlands, it has 116 member states at present. For more than a century, the PCA has been facilitating arbitration and other forms of dispute resolution, and it plays an important role as a pioneer steering the development of peaceful settlement of international disputes, with a profound impact on the development of the rules of international law.
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Rimsky Yuen, SC, is the Secretary for Justice with the Government of the Hong Kong Special Administrative Region, People’s Republic of China