David Beaves, managing partner at international law firm Ince & Co’s Hong Kong office has been appointed to the Hong Kong International Arbitration Centre’s newly formed Belt and Road Advisory Committee.
The HKIAC has formed the industry focused committee to support projects related to China’s Belt and Road Initiative, and launched an online resource platform dedicated to the BRI on 26 April.
David has more than 37 years’ experience of corporate, commercial and banking transactions throughout Asia, specialising in the shipping sector. He is widely recognised by peers, clients and independent legal directories as a leading lawyer. David is a thought leader with insight into the trends and developments that impact on the global shipping and trade industries, with recent focus on China’s Belt and Road Initiative and Brexit.
David Beaves, Managing Partner, Hong Kong, commented:
“I am pleased to be involved in the Belt and Road Advisory Committee which will assist the HKIAC in taking a leading role in supporting the Belt and Road Initiative. It is hugely important that BRI projects benefit from invaluable legal risk management, dispute resolution expertise and Hong Kong’s modern legal infrastructure.”
In an effort to support parties embarking on projects related to China’s Belt and Road Initiative, HKIAC has formed an industry focussed Belt and Road Advisory Committee and launched an online resource platform dedicated to the BRI.
The HKIAC Belt and Road Advisory Committee brings together legal and commercial expertise across a range of Belt and Road industry sectors including finance, infrastructure, construction and maritime.
HKIAC’s online resource platform hosts publications and reports relevant to the BRI; a list of past and future HKIAC BRI events; and information on dispute resolution options for BRI projects. The platform will be updated regularly with news and practical information for business and legal professionals.
The establishment of the Advisory Committee and the online resource platform enhance HKIAC’s outreach efforts in Mainland China and BRI economies. In coming months, HKIAC will conduct capacity building workshops in Vietnam, Indonesia and Myanmar.
To access the online platform and to view HKIAC’s video on the relevance of arbitration to BRI projects, please click here.
Hong Kong is set to play an important role in the BRI as the dispute resolution venue of choice for parties from China and BRI countries.
Former Secretary for Justice of Hong Kong SAR, and Advisory Committee member,Rimsky Yuen GBM, JP said: “Proper legal risk management is crucial for any Belt and Road project, and Hong Kong, with its modern legal infrastructure and expertise in dispute resolution, is an ideal neutral venue for resolving Belt and Road disputes.”
Gillian Meller, Advisory Committee member and Legal and European Business Director at the MTR Corporation welcomes HKIAC’s added: “The inclusion of a well drafted dispute resolution mechanism, incorporating a trusted venue, is key for risk management in high value cross-border contracts. I’m pleased to see HKIAC taking a leading role in providing parties to Belt and Road contracts with such a well-tested option.”
Sarah Grimmer, HKIAC Secretary-General concluded: “HKIAC has years of experience handling cases between Chinese and non-Chinese parties. As such, HKIAC is well prepared to support all parties in their Belt and Road endeavours.” In 2017, 55% of arbitrations administered by HKIAC involved a Mainland Chinese party, and one-third of all cases were between a Mainland Chinese party and a party from a BRI jurisdiction.
Other members of the Belt and Road Advisory Committee include:
Peter Burnett, Head of Corporate Finance for Northeast Asia, Standard Cartered Bank and Chairman of the Belt and Road Committee, Hong Kong Association of Banks
Vincent Connor, Partner, Head of Hong Kong Office, Pinsent Masons
Philip Kung, Partner, Head of Business and Professional Services Invest HK
Stanley Lo, Managing Director, Hsin Chong International Infrastructure
Kelly Outram, Head of Construction, Jardine Lloyd Thompson Limited
Robert Rhoda, Partner Bird & Bird and Council Member, Hong Kong Law Society Belt & Road Committee
Christoper Stephens, General Councel, Asia Development Bank
Maria Tan Pedersen, Partner, Jones Day
Jihong Wong, Partner, Zhong Lun Law Firm