CIETAC goes international with HK sub-commission

November 30, 2012 | BY

clpstaff

CIETAC's new sub-commission in Hong Kong shows a determination of the organisation to become a leading player in global dispute resolution

On September 24, the China International Economic and Trade Arbitration Commission (CIETAC) launched its sub-commission in Hong Kong. The decision to set up the first CIETAC branch outside mainland China shows the desire to persuade more multinational companies to use the institution.

“By opening in Hong Kong, CIETAC may hope to attract more international parties, as opposed to primarily domestic parties. This may serve to enhance CIETAC's reputation as an institution for international disputes,” said Edmund Wan, a partner of King & Wood Mallesons in Hong Kong.

Enforcement

Enforcement of a CIETAC award issued in Hong Kong is expected to be treated the same as awards issued by the HKIAC or ICC in Hong Kong.

Wan explains: “There should also be no difference in terms of enforceability under the New York Convention and under the Arrangement Concerning Mutual Recognition of Arbitration Awards between the Mainland and the Hong Kong Special Administrative Region”.

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