We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.