<br> I. BACKGROUND n 12 April 2006, the Applicant and the Respondents entered into an agreement which included a Letter of Intent (“LOI”) regarding the sale and purchase of shares. The LOI provided for Hong Kong law to be the governing law and for arbitration in Hong Kong. Disputes arose in 2010; the Respondents sought to terminate the LOI, and the …
Arbitrating Complex Cross-Border Derivatives Disputes; the HKIAC Approach
TL;DR Parties engaged in complex financial disputes with cross-border elements are increasingly turning to international arbitration. A recent survey found that 69% of financial service institutions consider arbitration to be well-suited for disputes in the finance industry. Against this background, the Hong Kong International Arbitration Centre (HKIAC) has witnessed an uptrend in the complex financial disputes it administers. Joe Liu, Deputy Managing Counsel, Hong ...