I am delighted to have been appointed as a member to the newly launched HKIAC's Panel of Arbitrators for Financial Services Disputes. The creation of the Panel is a clear indicator of the importance of financial services in Hong Kong and the increasing use of ADR to resolve financial services disputes.
With increased attention on ADR mechanisms following the GFC, financial firms who are unable to resolve disputes through negotiation have been able to consider other options, including PRIME Finance or for consumer disputes the FDRC in Hong Kong. Consideration of ADR for derivatives has been greatly assisted by ISDA's 2013 Arbitration Guide which highlighted the particular benefits of arbitration for financial services disputes which are often cross-border and can be assisted by subject matter expertise.
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