5 July 2013
The Permanent Court of Arbitration (PCA) has concluded a one-week hearing in an arbitration between a foreign investor and an Asian State at the premises of the Hong Kong International Arbitration Centre (HKIAC). The hearing marks the first occasion for the PCA to invoke a 2010 cooperation agreement with the HKIAC.
(Arbitrators Dean John Y. Gotanda, Mr. Neil Kaplan CBE QC SBS and Professor Campbell McLachlan QC, with PCA Legal Counsel Mr. Dirk Pulkowski and HKIAC Secretary-General Ms. Chiann Bao)
The arbitration, for which the PCA acts as registry, is conducted pursuant to an international investment treaty. The tribunal is composed of Dean John Y. Gotanda, Mr. Neil Kaplan CBE QC SBS and Professor Campbell McLachlan QC.
While the PCA's headquarters at the Peace Palace in The Hague, the Netherlands, are available for meetings and hearings in PCA proceedings, the PCA has also concluded host country agreements or cooperation agreements to facilitate the conduct of meetings and hearings in Argentina, Chile, Costa Rica, India, Hong Kong, Mauritius, Singapore, South Africa and the United Arab Emirates.
The PCA currently has 78 pending cases, 26 of which involve one or several parties from Asia.