RUSSIA TURNS EAST: THE USE OF HONG KONG ARBITRATION FOR RUSSIAN DISPUTES
Author: Teresa Cheng GBS SC JP , Joe Liu
Rubric: INTERNATIONAL ARBITRATION
Annotation: Faced with the Western sanctions, Russia has launched its “pivot to Asia” policy, which has prompted many Russian companies to look for business opportunities and funding resources in the East. Russian businesses’ growing commercial activity in Asia accelerates a potential shift way from their traditional preference for arbitration in Europe. Against this background, Hong Kong has emerged as a viable alternative to host Russian-related disputes. Hong Kong’s premier arbitral institution, the Hong Kong International Arbitration Centre, has also taken active steps to develop a system that provides a fair, sophisticated and sanctionsfree framework to arbitrate Russian parties’ disputes.