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Opinion
Hong Kong cements its status as an international mediation centre
The International Organisation for Mediation will consolidate Hong Kong’s appeal as a dispute resolution hub
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Daryl Ng is chairman of Sino Group and the founding chairman of the Hong Kong-Asean Foundation, a not-for-profit organisation promoting and deepening ties between Hong Kong and Asean to build a community of shared future to reinforce Hong Kong’s international position and support future growth.
The signing of the Convention on the Establishment of the International Organisation for Mediation (IOMed) in Hong Kong today is a truly exciting development for Hong Kong and a significant milestone for the global legal community.
Initiated by China and nearly 20 like-minded countries in 2022, the IOMed is the world’s first inter-governmental international legal organisation dedicated to resolving international disputes through mediation, a crucial mechanism for upholding the principles of the United Nations Charter. It reflects a growing consensus among nations that dialogue, mutual respect, multilateral cooperation and compromise are the most sustainable paths to resolving international disputes.
The decision to set up the headquarters of the organisation in Hong Kong is a resounding vote of confidence in our city’s common law system, robust legal system, talent pool, bilingual legal environment and international connectivity. It also attests to Hong Kong’s unique position as a global legal and financial hub and as a trusted venue for resolving international disputes.
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