According to a recent SCMP article, Hong Kong will begin to hold arbitrations for disputes involving states and private and public companies, after China and Hong Kong signed agreements with an international court.
The agreement with the Permanent Court of Arbitration means that Hong Kong could handle many of its outstanding cases involving Asian parties.
Hong Kong will become the 10th jurisdiction in the world, and the fourth in Asia to hold arbitration cases based on a PCA deal.
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