CMAC HONG KONG ARBITRATION CENTER. Dr. Wang Wenying Secretary General of CMAC HKAC

Similar documents
Dr. Wang Wenying Secretary General of CIETAC Hong Kong Arbitration Center

60 TH UIA CONGRESS BUDAPEST/HUNGARY - OCTOBER 28 - NOVEMBER 1, 2016

San Francisco Retiree Health Care Trust Fund Education Materials on Public Equity

DIVERSIFICATION. Diversification

Global Business Barometer April 2008

Brexit Paper 2: International Arbitration

H S B C H O L D I N G S P L C HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS. (Country-by-Country Reporting) REGULATION 2013

The Capital Requirements (Country-by-Country Reporting) Regulations December 2017

Taxation on Hong Kong shipping companies, vessels and goods, and potential reforms

MANDATORY PROVIDENT FUND SCHEMES AUTHORITY

Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents. 18 July 2014

DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014

DFA Global Equity Portfolio (Class F) Performance Report Q2 2017

DFA Global Equity Portfolio (Class F) Performance Report Q3 2018

DFA Global Equity Portfolio (Class F) Performance Report Q4 2017

DFA Global Equity Portfolio (Class F) Performance Report Q3 2015

Reporting practices for domestic and total debt securities

Quarterly Investment Update First Quarter 2017

Quarterly Investment Update First Quarter 2018

EQUITY REPORTING & WITHHOLDING. Updated May 2016

IMPORTANT TAX INFORMATION

Introduction to Commercial Arbitration in China

MANDATORY PROVIDENT FUND SCHEMES AUTHORITY

International Travel & Tourism Study (Published March 2005)

Agilent Flexible Spend Plan

2013Q3 Wind Instrument Produced by IAR Team Focus Technology Co., Ltd.

Capital Markets Day 2011

MANDATORY PROVIDENT FUND SCHEMES AUTHORITY. Guidelines on Recognized Exchanges

Table 1: Foreign exchange turnover: Summary of surveys Billions of U.S. dollars. Number of business days

Focus on: Hong Kong. International Business Report 2011 Economy focus series

MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK

BRINKER CAPITAL DESTINATIONS TRUST

Registration of Foreign Limited Partnerships in the Cayman Islands

Summary 715 SUMMARY. Minimum Legal Fee Schedule. Loser Pays Statute. Prohibition Against Legal Advertising / Soliciting of Pro bono

FEES SCHEDULE (COPPER / GOLD)

Marine. Global Programmes. cunninghamlindsey.com. A Cunningham Lindsey service

ECFIN-C3 (2009) PART 1 MAIN DEVELOPMENTS

Open Day 2017 Clearstream execution-to-custody integration Valentin Nehls / Jan Willems. 5 October 2017

The landscape of Asian bank ownership The governance traits of Asian banks

FEES SCHEDULE (SILVER/PLATINUM)

Global Economic Briefing: Global Inflation

2015 MERCER BENEFITS ANALYSIS REVIEW

WISDOMTREE RULES-BASED METHODOLOGY

Appendix 1. Outline of BOP-Related Statistics and Release Schedule. The following is an overview of major BOP-related statistics.

STOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE

International Debt Collection: the 2018 edition of collection complexity

Maritime Arbitration in a Rising Asia: The Singapore and China Experience

ISSUE OF ENDORSEMENTS ATTESTING TO THE RECOGNITION OF A CERTIFICATE OF COMPETENCY

FOREIGN ACTIVITY REPORT

Performance Derby: MSCI Regions & Countries STRG, STEG, & LTEG

Arbitration in the PRC A Real Alternative or Not?

Corrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012

THE ICSID CASELOAD STATISTICS (ISSUE )

Global Select International Select International Select Hedged Emerging Market Select

THE ICSID CASELOAD STATISTICS (ISSUE )

Corporate Governance and Investment Performance: An International Comparison. B. Burçin Yurtoglu University of Vienna Department of Economics

International Statistical Release

Recommendation of the Council on Tax Avoidance and Evasion

Financial law reform: purpose and key questions

2013 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive Summary

Financial wealth of private households worldwide

ANATOMY OF INTERNATIONAL ARBITRATION. E. Y. Park Co-Head, International Arbitration & Litigation Group Kim & Chang 12 February 2018

Foreign Investment Statistics

EU-28 STEEL SCRAP STATISTICS. by Rolf Willeke Statistics Advisor of the BIR Ferrous Division For EFR a branch of EuRIC (30 October 2017)

Anti-Money Laundering Compliance Issues

COUNTRY COST INDEX JUNE 2013

Sole Proprietorship Partnership Society / Association / Incorporated Building Owners / Mutual Aid Committee

Financial Globalization, governance, and the home bias. Bong-Chan Kho, René M. Stulz and Frank Warnock

Summary of Arbitral Rules

DFA International Core Equity Fund

Total Imports by Volume (Gallons per Country)

IFC / CWDI 2010 Report: Accelerating Board Diversity

World s Best Investment Bank Awards 2018

Foreign Direct Investment and Ease of Doing Business: Before, During and After the Global Crisis

HEALTH WEALTH CAREER 2016 CA MTCS: MERCER TOTAL COMPENSATION SURVEY FOR THE ENERGY SECTOR OVERVIEW AND SURVEY DEFINITIONS

Fashion Retail (food / non-food) Masters of Law

Exchange Traded Funds (ETFs): The New Packaged Product of Choice

First ever quarter with over 200m Gross Profit

Another quarter of double digit growth

TAXATION AND FOREIGN EXCHANGE

Market Briefing: MSCI Stock Market Indexes

RECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO OCTOBER 2003

Internet Appendix: Government Debt and Corporate Leverage: International Evidence

ANGLORAND INVESTMENT INSIGHTS

Market Briefing: MSCI Stock Market Indexes

Competition Between Arbitral Institutions in China Fighting for a Better System?

COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD.*

RECORD OF DECISIONS OF THE THIRD EXTRAORDINARY SESSION OF THE ASSEMBLY

Articles of Association of the Financial Stability Board (FSB)

Part B STATEMENT OF ADDITIONAL INFORMATION

Belize FedEx International Priority. FedEx International Economy 3

Belize FedEx International Priority. FedEx International Economy 3

Information Circular: PowerShares Exchange-Traded Fund Trust II

IOOF. International Equities Portfolio NZD. Quarterly update

Asian Double Tax Treaties 2011

2009 Half Year Results. August 25, 2009

New in 2013: Greater emphasis on capital flows Refinements to EBA methodology Individual country assessments

International Statistical Release

2018 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive summary

Guide to Treatment of Withholding Tax Rates. January 2018

Transcription:

CMAC HONG KONG ARBITRATION CENTER Dr. Wang Wenying Secretary General of CMAC HKAC

CMAC 21st November 1958 82nd Plenary Session of the State Council adopted a resolution to create Maritime Arbitration Commission with CCPIT 22nd January 1959 CMAC was officially established. It was PRC s first maritime arbitration institution 7th January 2003 CMAC Shanghai Sub-commission was established; Later followed by Sub- Commissions of Tianjin and Southwest. CMAC also has offices in cities of Dalian, Guangzhou, Tianjin, Ningbo and Qingdao 19th November 2014 CMAC Hong Kong Arbitration Center was established.

CMAC S CONTRIBUTION PRC Maritime Law - CMAC delegates attended meetings for making the law 6 revisions made for arbitration rules - current edition (1 st Jan 2015) is the 6th revision edition Caseload - more than 1500 maritime related cases - in 2008, more than 50 cases for the first time; and in 2014, more than 100 cases were accepted

CMAC S JURISDICTION CMAC accepts the following categories of cases based on parties agreements: disputes over charter party, freight forwarding, bill of lading, logistics, ship leasing and financing, ship-building, ship-repairing, ship s collision, salvage at sea, crew labor contracts, multitransport contracts and fishery disputes. The jurisdictions represented in CMAC arbitration are also diversified. In the past a few years, parties to CMAC arbitration came from 27 countries and regions, including the UK, the US, Canada, Japan, Singapore, Spain, Germany, Greece and Hong Kong, etc.

CMAC HKAC 1st overseas branch of CMAC and adopts the existing CMAC arbitration rules administers cases whose arbitration agreements say arbitration in CMAC Hong Kong Arbitration Center or arbitration in CMAC in Hong Kong the place of arbitration is HK Hong Kong arbitration related laws apply

Hong Kong arbitration law applies, therefore: - doctrine of competence-competence: an arbitral tribunal under CMAC HKAC can rule on its jurisdiction - interim measures: an arbitral tribunal can grant IMs - emergency arbitrator procedures

CMAC HKAC S JURISDICTION Agreed that arbitration Go to I by/in CMAC CMAC Headquarters II by/in CMAC HKAC CMAC HKAC III by CMAC in HK CMAC HKAC CMAC HKAC cannot administer cases which are 100 percent domestic of Mainland China in nature.

CMAC ARBITRATORS (2014 Version) Number of Arbitrators 279 the Mainland 216 HK, Macau, and Taiwan international and theyare: Open panel 26 (HK-20, Macau-1, Taiwan-5) 39 (UK-17, Singapore-5, Denmark-2, Australia-2, Belgium, Brazil, Canada, Chile, Germany, France, Italy, Malaysia, New Zealand, Turkey, SouthAfrica, Spain, and Switzerland-1) Shipping industry experts, lawyers, retired judges,and professors, etc. for cases administered by CMAC HKAC

APPOINTMENT In principle, parties autonomy in choosing arbitrator. Panel is for recommendation purpose in cases administered by CMAC HKAC. Chairman of CMAC usually appoint an arbitrator in the Panel on behalf of the parties if they cannot agree on nominating one by themselves.

ARBITRATOR S FEE In principle: For cases administered by CMAC HKAC after Rules 2015 is effective: default setting: fixed by CMAC according to the amount in dispute, separate from institution administrative fee alternative: hourly charge - co-arbitrator: agreement made with the appointing party - sole/presiding arbitrator: agreement made with both parties - otherwise: determined by CMAC Emergency Arbitrator: a fixed fee set by CMAC

EMERGENCY ARBITRTOR In principle: EA procedures are incorporated in the general chapter CMAC Arbitration Rules 2015 edition. In practice: EA procedure will primarily be used in CMAC HKAC administered cases, given the privilege out of HK Arbitration Ordinance.

WHAT WE ARE PLANNING TO DO CMAC HKAC terms for ad hoc arbitration arbitration in Hong Kong sole arbitrator, unless otherwise agreed by parties appointment made with the assistance of CMAC HKAC appreciation of document-only CMAC HKAC can provide secretary service to arbitral tribunal CMAC HKAC can provide hearing facilities

Thank you!