The global landscape of international arbitration is shifting, and Russian businesses are increasingly turning towards Asia as a preferred dispute resolution hub. In this context, Hong Kong International Arbitration Centre (HKIAC) has emerged as a key forum, offering a sophisticated arbitration framework, a pro-arbitration judiciary, and a strategic geographical position.
Our forthcoming bulletin, prepared by the Dispute Resolution Practice at Nordic Star under the leadership of Managing Partner Anna Zabrotskaya, delves into the practical aspects of engaging in arbitration at HKIAC from the perspective of Russian businesses. The bulletin provides a critical assessment of HKIAC’s advantages and potential pitfalls, exploring key aspects such as:
• Whether and how HKIAC’s awards can be enforced in Russia – navigating legal complexities in light of recent developments.
• Efficiency and costs – assessing the Centre’s procedural flexibility and financial considerations.
• Impartiality and neutrality – evaluating how HKIAC approaches Russian-related disputes.
• HKIAC as an alternative to European arbitration institutions – practical insights from Russian and international counsel.
This bulletin is just the first part of a broader research initiative on the evolving role of arbitration in Asia for Russian businesses. Future editions will cover India, the UAE, Mainland China, and other key jurisdictions.
The bulletin is scheduled for release on 12 May 2025, coinciding with the ICC Russia seminar focused on international arbitration in Hong Kong and Mainland China. We are confident that the analyses and expert commentaries we present will serve as a valuable resource for Russian companies exploring HKIAC as a forum for dispute resolution.
Stay tuned – the first issue of the Nordic Star Arbitration Bulletin is coming soon!