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The Centre was established in 1985 to promote the use of arbitration and other forms of alternative dispute resolution services in Asia. Formed as a non-profit making company limited by guarantee under Hong Kong law, HKIAC was originally funded with assistance from the business community and the Hong Kong Government.
ISDS claims are often brought under the rules of the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank, the London Court of International Arbitration (LCIA), the International Chamber of Commerce (ICC), the Hong Kong International Arbitration Centre (HKIAC), or the United Nations Commission on International ...
International arbitration is an alternative to local court procedures. International arbitration has different rules than domestic arbitration, [6] and has its own non-country-specific standards of ethical conduct. [7] The process may be more limited than typical litigation and forms a hybrid between the common law and civil law legal systems. [8]
The centre has two sets of rules that determine how cases will be initiated and conducted, either under the ICSID Convention, Regulations and Rules or the ICSID Additional Facility Rules. To be processed in accordance with the ICSID Convention, a legal dispute has to exist between one of the centre's contracting member states and a national of ...
institutional arbitration proceedings are those in which the arbitrators are appointed under the supervision of professional bodies providing arbitration services, such as the American Arbitration Association (which conducts international proceedings through its New York–based division, the ICDR), the Australian Fair Work Commission, the LCIA ...
The 1st edition of the Investment Arbitration Rules of the Singapore International Arbitration Centre (1st Edition, 1 January 2017) (SIAC IA Rules 2017) is a specialised set of rules to address the unique issues present in the conduct of international investment arbitration. The SIAC IA Rules 2017 are effective as from 1 January 2017. [9] [10]
From 1999 to 2004 he chaired the WTO Review Panel for Hong Kong. [5] In the 2001 Birthday Honours, Kaplan was awarded a CBE for services to international arbitration. In 2007, he was awarded the Silver Bauhinia Star by the Chief Executive of Hong Kong. [6] Kaplan is the author of numerous articles, speeches, and books on international arbitration.
International Arbitration and Mediation Centre operations is managed by a professional Secretary with the support from qualified staff. [5] Many famous persons from legal profession, experts and veterans in commerce industry with specialised in arbitration and mediation field both from India and abroad will form the Governing council of the institution.