Hong Kong OKs 3rd-Party Funding, Arbitrations Of IP Rows

Law360, New York (June 14, 2017, 4:07 PM EDT) -- Hong Kong on Wednesday passed legislation clarifying that third-party funding of arbitration and the arbitration of intellectual property disputes are legal, steps that were viewed as being key to solidifying the territory's reputation as a leading center for international dispute resolution.

The legislation on third-party funding, which amends the special administrative region's law dealing with international arbitration — the Arbitration Ordinance (Cap. 609) — comes months after the Hong Kong Law Reform Commission issued a report stating that third-party funding should be permitted there as long...
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