Arbitration Links - Linklaters
  • Year: 2017
  • Month: June
  • Jurisdiction: Asia-Pacific

Third party funding for arbitration permitted in Hong Kong

15 June 2017 Justin Tang, Asia-Pacific; Hong Kong

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Legislation allowing third party funding for arbitration has been passed in Hong Kong. This is a significant development which will bring Hong Kong in line with other jurisdictions which allow third party funding for arbitration, including Australia, England and Wales, and Singapore.   

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A Harmonious Australian Arbitration Framework: The ACT Adopts the Model Law

01 June 2017 Alexander Fawke, Asia-Pacific; Australia

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On 21 March 2017, the Australian Capital Territory (the “ACT”) passed the Commercial Arbitration Act 2017 (ACT) (the “Act”), which essentially adopts the UNCITRAL Model Law (inclusive of the 2006 amendments) (the “Model Law”). The Act means that all arbitrations seated in Australia will now be subject to the Model Law, as the same legislation has been adopted in all other States and Territories, as well as by the Federal Parliament. This development strengthens Australia’s position as an attractive seat for arbitration.

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