As one of the world’s leading commercial dispute resolution service providers, the Hong Kong International Arbitration Centre (HKIAC) will play a leading role in resolving disputes arising out of China’s Belt and Road Initiative (BRI).
What is the Belt and Road Initiative?
BRI is an extensive outbound investment strategy launched by the Chinese government in 2013 to stimulate economic development along an overland “Silk Road Economic Belt” and a maritime “21st Century Maritime Silk Road”. The China-led Initiative is aimed developing integrated trade corridors across Asia, the Middle East, Africa and Europe covering over 65 economies and 60% of the world’s population. An estimated US$5trillion will be invested in large-scale infrastructure projects.
BRI is set to generate a significant increase in cross-border commercial opportunities in the transportation, logistics, maritime, energy and financing sectors between Chinese investors, their local partners and host governments in the BRI region.
Disputes arising out of Belt and Road projects
Given the scale of the initiative and diversity of the BRI markets, it is likely to generate a wide range of commercial and investment disputes between Chinese investors, their local partners and host governments.
Protect your investment in Belt and Road projects
Selecting a reputable arbitral institution and seat for your dispute resolution clause is a key feature of risk mitigation.
Arbitration provides users with a final binding decision, which is enforceable in over 156 countries globally, making it the most viable dispute resolution tool for cross-border transactions.
HKIAC's role in Belt and Road contracts