14 December 2021
On 29 November 2021, the Asian-African Legal Consultative Organization (AALCO) announced the establishment of a regional arbitration centre in Hong Kong. Since 1978 AALCO has established a network of regional arbitration centres, functioning under the auspices of AALCO, with the objective of:
-
promoting international commercial arbitration in the Asian and African regions;
-
coordinating and assisting the activities of existing arbitral institutions, particularly among those within the two regions;
-
rendering assistance in the conduct of Ad Hoc arbitrations, particularly those held under the UNCITRAL Arbitration Rules; and
-
assisting in the enforcement of arbitral awards.
To date, five such regional arbitration centres have been established – in Cairo, Kuala Lumpur, Lagos, Tehran and Nairobi.
AALCO provides its expertise and assistance to its Member States (currently 47 member states in Asia (including the PRC) and Africa) in the appointment of arbitrators and other matters relating to the conduct of arbitration.
The addition of an AALCO arbitration centre in Hong Kong, will no doubt enhance Hong Kong’s status as an arbitration hub.
For further information, please contact:
