Closer Ties Between The Hkiac and The SLNAC

The Hong Kong International Arbitration Centre (HKIAC) the premier dispute resolution services provider in Hong Kong entered into a Memorandum of Understanding with the Sri Lanka National Arbitration Centre (SLNAC) thereby paving the way for a closer collaboration between the parties in facilitating and promoting alternative dispute resolution processes in the region. The MOU was entered into on the 21st of October 24 coinciding with the start of the highly successful Hong Kong International Arbitration Week organized by the HKIAC with over a 1000 registrations from 36 jurisdictions featuring over 170 speakers. Mr. Hiran De Alwis, the Chairman of the Board of SLNAC along with Ms. Joanne Lau, the Secretary General of the HKIAC, signed the MOU on behalf of the two organizations at the HKIAC offices.

Signing of the MOU and exchange of souvenirs– Mr.Hiran De Alwis and Ms. Joanne Lau

At the discussion that followed, the representatives of the HKIAC and SLNAC focused on international opportunities, cross broader trade and the long standing trade relations between the countries. The opportunities for enhancing the rule of law, contract law and arbitration based on UNCITRAL Model Law was discussed and the respective experience of the parties in promoting training and facilitating dispute resolution processes was shared.

Mr. Hiran de Alwis, Attorney-at-Law and Chairman of the SLNAC participated in the conference that followed, that was attended by many recognized arbitrators and professionals in various fields. Conference topics ranged from discussions on the impact of AI, to green initiatives and proactive measures to encourage inclusivity and diversity in the field of arbitration.

The closer ties created by this MOU between SLNAC and HKIAC comes in the wake of the Hong Kong Trade Development Council and the Export Development Board of Sri Lanka coming together with the aim of strengthening trade and economic relations between the two countries and facilitating opportunities to explore new markets, connect with global partners and expand their reach.

The MOU also marked a new chapter of cooperation and collaboration between HKIAC and SLNAC. The SLNAC stands as a pioneer institute in administration of arbitration of Sri Lanka the MOU will further enhance shared commitments and cooperation between the two organizations.

Representatives of the two organizations