Boost to HK bid as arbitration hubTop News | Cindy Wan 10 Jan 2019
Hong Kong and Japan have signed a memorandum to enhance cooperation on arbitration and mediation.
Secretary for Justice Teresa Cheng Yeuk-wah and Japan's Minister of Justice Takashi Yamashita signed the memorandum yesterday.
It will be jointly implemented by the International Affairs Division of Japan's Ministry of Justice as well as Hong Kong's newly established Inclusive Dispute Avoidance and Resolution Office at the Department of Justice.
Under the agreement, the two offices will exchange information on legal frameworks, share experience, hold joint promotions and offer training related to international arbitration and mediation.
The Inclusive Dispute Avoidance and Resolution Office is responsible for spearheading the coordination of initiatives to promote Hong Kong as a hub for international legal and dispute resolution services.
Yamashita hopes the deal will further facilitate cooperation in the field of dispute resolution. Arbitration is a consensual dispute resolution process based on the parties' agreement to submit their disputes for resolution to an arbitral tribunal.
Cheng is a renowned arbitrator and mediator who has taken part in complex international commercial and investment disputes.
She was the first Asian woman elected as president of the Chartered Institute of Arbitrators in 2008.
Meanwhile, Cheng left without answering questions about the UGL controversy after the ceremony. In response, pan-democrats are planning to hold a rally against her on Friday.
Democratic Party lawmaker Lam Cheuk-ting said it has been a month since the Department of Justice announced its decision not to prosecute former chief executive Leung Chun-ying for receiving HK$50 million from Australian firm UGL.
Lam said the democratic camp is also considering filing a judicial review to challenge the department's decision.