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HKIAC signs cooperation agreement with Russia’s IMA

Tuesday, 21st March 2018

"On 6 March 2018, the Hong Kong International Arbitration Centre (HKIAC) and the Institute of Modern Arbitration of the Russian Federation (IMA) signed a Cooperation Agreement that aims to support and promote the development of international arbitration and other dispute resolution options in Russia and Hong Kong.

This is a further development in HKIAC’s on-going efforts to meet growing demand in the Russian market for disputes to administered by established Asian arbitration institutions, such as HKIAC and the Singapore International Arbitration Centre (SIAC), which has signed a similar cooperation agreement with IMA.

In recent years, HKIAC has built up a panel of 30 Russian-speaking arbitrators, translated the HKIAC rules into Russian, and hosted and participated in a number of events in Russia. HKIAC has also announced that it is developing a new set of Administered Arbitration Rules, with innovative features “that will bring a new level of arbitration experience to users in Russia and other parts of the world”."

Read in full:  


Web-link: http://www.lexology.com/library/detail.aspx?g=afac27a9-bdc2-4023-9aed-a150dd73ff...
Source: Herbert Smith Freehills LLP
Language: English
Contact: Justin D'Agostino, James Doe, Alastair Henderson, Jessica Fei, Mike McClure, May Tai, Simon Chapman, Laurence Franc-Menget and Kathryn Sanger


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