[The Press says...] Ginestié Magellan Paley-Vincent co-authors important French language report comparing arbitration in Mainland China and Hong Kong
Jil Ahdab, an arbitration specialist and partner with Ginestié Magellan Paley-Vincent, Paris, has co-authored a 70 page report comparing arbitration in Mainland China and Hong Kong. The legal research was co-authored by Ruth Stackpool-Moore, Managing Counsel at the Hong Kong International Arbitration Centre (HKIAC), and Kun Fan, Professor at the Chinese University. A summary article of the report has also been published in the worldwide respected French legal journal, Revue de l’Arbitrage (2014 – No4). The authors initially collaborated in 2013 for a seminar at the French Chamber of Commerce and Industry in Hong Kong in association with the HKIAC.
Executive Summary: “China has become the engine of the world’s economy so naturally arbitration is in great demand. Special Administrative Region, Hong Kong, Asia’s financial hub, has in particular become a major regional arbitration centre. However while the legal systems of Hong Kong and Mainland China continue to diverge: the former British colony has forged a legal and judicial framework that is significantly more arbitration-friendly especially where the validity of arbitration agreements is concerned and also legal proceedings and subsequent compensation awards. Hong Kong’s pro-arbitration policy is now spreading through the Mainland where the legislators, courts and rules of major arbitration commissions, including China International Economic and Trade Arbitration Commission, are seeking to achieve additional consistency and openness.”
“This important piece of legal research shows the firm’s commitment to in-depth analysis of the legal issues in Asia for practical applications to our clients’ situations,” said Maëva Slotine, resident-partner in Hong Kong.
Ginestié Magellan Paley-Vincent is a boutique business law firm with a particular focus on complex and international business transactions and litigation. Founded in Paris, France, in 1973, the firm has handled many landmark cases.
In 2011, Ginestié Magellan Paley-Vincent expanded to Hong Kong, forming an association with the Hong Kong law firm Oldham, Li and Nie (Hong Kong National Law Firm of the Year 2011, Chambers Asia Pacific Awards). Together the two firms deliver services across two continents in two different languages and two different law systems. For further information, please visit our website: www.ginestie.com.