Book contents
- Multi-tier Approaches to the Resolution of International Disputes
- Multi-tier Approaches to the Resolution of International Disputes
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- Table of Cases
- Table of STATUTES AND INSTRUMENTS
- Table of Rules, Codes and Guidelines
- Abbreviations
- Part I A Global Overview of Multi-tier Dispute Resolution: Main Themes
- Part II Multi-tier Dispute Resolution in Asia
- A General Trends
- 3 Combinations of Mediation and Arbitration
- 4 The Resolution of International Commercial and Financial Disputes
- 5 Multi-tier Dispute Resolution
- 6 Perspectives and Challenges of Multi-tier Dispute Resolution in Japan
- 7 Might There Be a Future for Multi-tiered Dispute Resolution in Korea?
- 8 Combinations of Mediation and Arbitration
- B Specific Cases
- Part III Multi-tier Dispute Resolution in the Wider World
- Part IV Conclusion
- Bibliography
- Index
4 - The Resolution of International Commercial and Financial Disputes
Hybrid Dispute Resolution in Hong Kong
from A - General Trends
Published online by Cambridge University Press: 09 December 2021
- Multi-tier Approaches to the Resolution of International Disputes
- Multi-tier Approaches to the Resolution of International Disputes
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- Table of Cases
- Table of STATUTES AND INSTRUMENTS
- Table of Rules, Codes and Guidelines
- Abbreviations
- Part I A Global Overview of Multi-tier Dispute Resolution: Main Themes
- Part II Multi-tier Dispute Resolution in Asia
- A General Trends
- 3 Combinations of Mediation and Arbitration
- 4 The Resolution of International Commercial and Financial Disputes
- 5 Multi-tier Dispute Resolution
- 6 Perspectives and Challenges of Multi-tier Dispute Resolution in Japan
- 7 Might There Be a Future for Multi-tiered Dispute Resolution in Korea?
- 8 Combinations of Mediation and Arbitration
- B Specific Cases
- Part III Multi-tier Dispute Resolution in the Wider World
- Part IV Conclusion
- Bibliography
- Index
Summary
This chapter provides a general framework for understanding the use of multi-tier dispute resolution (MDR) in Hong Kong. The use of MDR is important towards maintaining Hong Kong’s status as an international dispute resolution centre, especially as there is increasing competition from strong regional dispute resolution centres such as Singapore and emerging dispute resolution hubs like Shanghai, Shenzhen and Dubai. This chapter demonstrates that Hong Kong’s policy-makers need to expend significant effort incentivising the use of MDR to maintain Hong Kong’s appeal, providing parties with cheaper and more flexible options. This chapter first provides a comprehensive and critical account of the use of med-arb to resolve financial disputes in Hong Kong. Second, it explores the use of med-arb to resolve financial disputes in Hong Kong – from the Lehman Brothers Scheme to the establishment of the Financial Dispute Resolution Centre (FDRC). Third, it covers recent developments in Hong Kong (including the potential impact of online dispute resolution and the Singapore Convention on hybrid dispute resolution).
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- Chapter
- Information
- Multi-Tier Approaches to the Resolution of International DisputesA Global and Comparative Study, pp. 92 - 109Publisher: Cambridge University PressPrint publication year: 2021