CIETAC goes international with HK sub-commission
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clpstaffCIETAC'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.
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