Secretary for Justice Paul Lam links high-value disputes and institutional reforms to the city’s ascent as a major international arbitration venue
Hong Kong’s rapid rise as an international arbitration centre is underpinned by institutional reforms and deep legal-market integration between the city and the Chinese mainland, according to the territory’s Secretary for Justice, Paul Lam.
In a recent visit to Seoul he said the “one country, two systems” framework gives Hong Kong the dual strength of a common-law jurisdiction and close access to China’s economy.
Lam pointed to the recent record-breaking caseload at the Hong Kong International Arbitration Centre (HKIAC), which in 2024 received 352 new arbitrations across 510 contracts, with disputes valued at approximately US $13.6 billion.
This surge reflects growing demand for a neutral, bilingual forum in Asia capable of resolving complex cross-border disputes.
Key policy changes have supported this growth.
Since 2020 Hong Kong has allowed arbitrators, counsel and witnesses to enter without separate work permits, simplifying access for global legal professionals.
The territory also permits third-party funding and contingency fees in arbitration, making dispute resolution more accessible and cost-effective.
Lam said that the strength of Hong Kong’s financial centre and its legal system are mutually reinforcing: a robust legal-services ecosystem supports high-stakes commercial transactions, and in turn fuels demand for efficient dispute resolution.
He highlighted new initiatives in digital-asset regulation and multi-jurisdictional financing as part of the evolving legal landscape.
During his Seoul visit he underscored Hong Kong’s unique value proposition: “We offer the best of both worlds — independent common law and a close connection with China’s mainland,” enabling the city to serve as a global gateway for investment and legal services.
For Korean firms and other overseas investors he said Hong Kong provides certainty, procedural transparency and route-to-market access for regional activities.
The city’s position in the Belt and Road ecosystem, combined with expedited entry regimes for legal talent, enhances its appeal as a centre of dispute resolution.
Now the jurisdiction is targeting higher-value, more complex arbitrations and further evolution of its legal infrastructure.
As Lam noted, Hong Kong is reviewing its arbitration ordinance and adapting to emerging fields such as ESG (environmental, social and governance) compliance and virtual-assets regulation.
He expressed confidence that reforms and incremental enhancements will sustain the territory’s competitive edge in the Asia-Pacific legal markets.
In a recent visit to Seoul he said the “one country, two systems” framework gives Hong Kong the dual strength of a common-law jurisdiction and close access to China’s economy.
Lam pointed to the recent record-breaking caseload at the Hong Kong International Arbitration Centre (HKIAC), which in 2024 received 352 new arbitrations across 510 contracts, with disputes valued at approximately US $13.6 billion.
This surge reflects growing demand for a neutral, bilingual forum in Asia capable of resolving complex cross-border disputes.
Key policy changes have supported this growth.
Since 2020 Hong Kong has allowed arbitrators, counsel and witnesses to enter without separate work permits, simplifying access for global legal professionals.
The territory also permits third-party funding and contingency fees in arbitration, making dispute resolution more accessible and cost-effective.
Lam said that the strength of Hong Kong’s financial centre and its legal system are mutually reinforcing: a robust legal-services ecosystem supports high-stakes commercial transactions, and in turn fuels demand for efficient dispute resolution.
He highlighted new initiatives in digital-asset regulation and multi-jurisdictional financing as part of the evolving legal landscape.
During his Seoul visit he underscored Hong Kong’s unique value proposition: “We offer the best of both worlds — independent common law and a close connection with China’s mainland,” enabling the city to serve as a global gateway for investment and legal services.
For Korean firms and other overseas investors he said Hong Kong provides certainty, procedural transparency and route-to-market access for regional activities.
The city’s position in the Belt and Road ecosystem, combined with expedited entry regimes for legal talent, enhances its appeal as a centre of dispute resolution.
Now the jurisdiction is targeting higher-value, more complex arbitrations and further evolution of its legal infrastructure.
As Lam noted, Hong Kong is reviewing its arbitration ordinance and adapting to emerging fields such as ESG (environmental, social and governance) compliance and virtual-assets regulation.
He expressed confidence that reforms and incremental enhancements will sustain the territory’s competitive edge in the Asia-Pacific legal markets.







































