Hong Kong Mediation Council to Oversee Investment Treaty Disputes
The Hong Kong International Arbitration Centre (HKIAC) announced this week that its Hong Kong Mediation Council (HKMC) will administer investment disputes between a Mainland Chinese investor and the Government of Hong Kong in accordance with 2017’s Investment Agreement under the Mainland and Hong Kong Closer Economic Partnership Arrangement (“Investment Agreement”). The Investment Agreement encourages investment activity between Mainland China and Hong Kong, but also contains significant protections and obligations for both sides.
The Investment Agreement embraces multiple dispute resolution mechanisms, including mediation by a mediation institution previously designated by the host government and agreed to by the other government. The Government of Hong […]