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Authored by: Joseph Chung
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:
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.
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