Russian foreign investments at risk: why bring investment disputes relating to Russia to the Hong Kong International Arbitration Centre?

Mak, Charles Ho Wang; Lai, Roslyn

Abstract

This article discusses the proliferation of foreign investors seeking redress through arbitration as a result of the international sanctions imposed against Russia and special retaliatory economic counter-measures imposed against certain investors. It suggests that HKIAC, as a Permanent Arbitration Institution (PAI) designated under Russian law, would be a preferred arbitral institution for the resolution of these disputes and argues that Russian-related disputes administered at HKIAC can achieve practicable results for investors with assets in Russia, highlighting several benefits and challenges accruing to such parties as a result of PAI designation.

Citation

MAK, C.H.W. and LAI, R. 2023. Russian foreign investments at risk: why bring investment disputes relating to Russia to the Hong Kong International Arbitration Centre? Asian dispute review [online], 25(1), pages 27-33. Available from: https://kluwerlawonline.com/journalarticle/Asian+Dispute+Review/25.1/ADR2023005

• Journal Article Type: Article
• Acceptance Date: Dec 11, 2022
• Online Publication Date: Jan 5, 2023
• Publication Date: Jan 31, 2023
• Deposit Date: Jul 19, 2023
• Publicly Available Date: Jul 27, 2023
• Journal: Asian dispute review
• Publisher: Wolters Kluwer
• Peer Reviewed: Peer Reviewed
• Volume: 25
• Issue: 1
• Pages: 27-33
• Keywords: International arbitration; Foreign investments; Russia; Hong Kong
• Public URL: https://rgu-repository.worktribe.com/output/2015114
• Publisher URL: https://kluwerlawonline.com/journalarticle/Asian+Dispute+Review/25.1/ADR2023005