Regional arbitration center to rise in HK

NEW YORK: Zhang Jun, China's permanent representative to the United Nations, and Kennedy Godfrey Gastorn, secretary-general of the Asian-African Legal Consultative Organization (Aalco), recently signed in New York an agreement to establish a regional arbitration center in Hong Kong.

In accordance with the agreement, the center will mainly focus on promoting international commercial arbitration in the Asia-Pacific region, conducting cooperation with existing arbitration institutions in the Hong Kong Special Administrative Region (HKSAR) of the People's Republic of China and assisting in the enforcement of arbitral awards.