XN000022-1989-11-22 — Page 5

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WEDNESDAY, NOVEMBER 22, 1989

NECESSARY STEP FOR HK AS ARBITRATION CENTRE

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BILL 1989 LEAGUE OF THE LEGISLATIVE

THE PASSAGE OF THE ARBITRATION (AMENDMENT) (NU. WILL BE A MAJOR AND NECESSARY STEP TO PUT HONG KONG IN THE INTERNATIONAL ARBITRATION, THE HON MARIA TAM SAID IN COUNCIL TODAY (WEDNESDAY).

SPEAKING IN THE RESUMED DEBATE ON THE BILL, MISS TAM MEASURE WAS A RESULT OF THE RECOMMENDATIONS MADE COMMISSION THAT THERE SHOULD BE TWO REGIMES FOR KONG FOR DOMESTIC AND INTERNATIONAL MATTERS.

SAID THE

BY THE LAW REFORM ARBITRATION IN HONG

FOLLOW EXISTING

IN GENERAL NATIONS COMMISSION

BY PASSED

WHILE DOMESTIC ARBITRATION SHOULD CONTINUE TO LAW IN

ARBITRATION SHOULD HONG KONG, INTERNATIONAL GOVERNED BY THE MODEL LAW PUBLISHED BY THE UNITED

1985 IN [UNCITRAL) ON INTERNATIONAL TRADE LAW UNITED NATIONS GENERAL ASSEMBLY, SHE SAID.

AND

BE

THE

"BY ADOPTING THIS MODEL LAW, HONG KONG WILL HAVE JOINED CANADA, AND BRITISH COLUMBIA AUSTRALIA AND, IN A MODIFIED FORM, CALIFORNIA,

SHE SAID. IN UPDATING ITS INTERNATIONAL PRACTICE IN ARBITRATION,

MISS TAM POINTED OUT THAT THE

HONG KONG ARBITRATION CENTRE WAS ESTABLISHED IN 1985 BUT HAD ONLY 28 CASES.

SHE ALSO NOTED THAT HONG KONG WAS FACING FROM KUALA LUMPUR AND MELBOURNE.

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INTERNATIONAL FAR CONDUCTED

REGIONAL

COMPETITION

OF THE ROLE EFFECTIVE

"WE NEED FRESH IMPETUS TO REALISE THE POTENTIALS

HONG KONG. THAT WE ARE HONEST AND WE WISH TO PLAY IN

AND, IN BROKERS IN INTERNATIONAL TRADE AND BUSINESS TRADING WITH CHINA. SHE SAID.

H

PARTICULAR, IN

THE AD HOC AFTER STUDYING THE BILL. MISS TAM SAID MEMBERS OF

METHOD "CONTRACTING OUT"

IN GROUP DECIDED TO SUPPORT THE

INDICATING ΤΟ THE AGREEMENT UNDER

WHETHER THE UNCITRAL MODEL LAW SHOULD APPLY DISPUTE IN AN INTERNATIONAL ARBITRATION.

INTERNATIONAL ARBITRATION THE MODEL "WE BELIEVE THAT FOR AN

MAJOR LAW SHOULD BE THE PRIMARY LAW WHICH IS ALREADY BEING ADOPTED IN

REVIEW IS EXCLUDED IN COUNTRIES; THAT UNDER THE MODEL LAW JUDICIAL ALL INTERNATIONAL CHAMBERS OF COMMERCE AS BUSINESSMEN WANT POSSIBLE INTERFERENCE BY THE COURTS AND PREFER SPEED AND SETTING DISPUTES. SHE SAID.

THE LEAST FINALITY IN

MISS TAM POINTED AS FOR THE FUNDING OF THE HONG KONG CENTRE.

MILLTON FROM THE GOVERNMENT OUT THAT IT OPERATED ON A GRANT OF $1.2 AND $1.3 MILLION FROM PRIVATE SECTOR DONATIONS IN THE PAST YEARS.

/SHE SAID