HKIAC and the Institute of Modern Arbitration Sign Agreement of Cooperation

HKIAC and the Institute of Modern Arbitration Sign Agreement of Cooperation

The Institute of Modern Arbitration (IMA) is pleased to announce that it has entered into an Agreement of Cooperation with the Hong Kong International Arbitration Centre (HKIAC) to collaborate in promoting arbitration as a preferred method of dispute resolution, implementing the best global arbitration practices.

According to the terms of the Agreement of Cooperation, HKIAC and IMA undertake to co-organize conferences, workshops, trainings and other events related to international arbitration. Moreover, the arbitral institutions also agree to conduct research on various topics for publication and preparation of other materials on topics related to international arbitration and other means of dispute resolution.

Notably, HKIAC and IMA agreed to share relevant technologies, experience and knowledge about the best practices in such matters as the conduct of arbitrations and responding to cybersecurity and data protection challenges.

The Agreement of Cooperation was signed by Matthew Gearing QC, Chairperson of HKIAC, and Yuri Pilipenko, President of the Board of IMA, President of the Federal Bar of Attorneys of the Russian Federation, during the visit of the IMA’s delegation to Hong Kong on 6 March 2018.

Mr Andrey Gorlenko, General Director of IMA and the Executive Administrator of the Arbitration Center at the IMA, said, “Signing the Agreement of Cooperation with HKIAC is a huge step forward in our productive cooperation that has already led to fruitful outcomes in our joint events and discussions. The experience and practices of HKIAC are highly regarded in the international arbitration community and the Arbitration Center at the Institute of Modern Arbitration is looking forward to partnering with HKIAC and contributing to promoting arbitration and ADR, as well as providing reliable arbitration services to the users from Russia, Hong Kong and other jurisdictions worldwide”.

In September 2017, the Arbitration Center at the IMA opened its Far East Division in Vladivostok, Russia, and prioritizes the Asia-Pacific Region as one of the leading directions for enhancing further cooperation with the international arbitral institutions, alongside the Baltic region with the recent launch of the Western division of the Arbitration Center in Kaliningrad. The IMA also has several prominent Hong Kong-based practitioners in its international arbitration database and intends to expand it within the framework of collaboration with HKIAC.

In October 2017, the Arbitration Center at the IMA partnered with HKIAC in organizing in Moscow a comparative discussion on the third-party funding in international arbitration, as well as international arbitration conference “Arbitration in Spotlight”, where HKIAC presented during the mini-session their perspective on the practical aspects of arbitration in Hong Kong.

Also, in March 2017, Andrey Gorlenko and Anna Grischenkova, a member of the Board of the Arbitration Center at the IMA, spoke at a training seminar on arbitration against Russian parties for Hong Kong lawyers hosted by HKIAC and HK45 in Hong Kong.

More information on these events is available at: https://centerarbitr.ru/en/2017/10/24/livetpf/ https://centerarbitr.ru/en/2017/10/23/spotlight/.