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Loeb Litigation partner Terence Wong is quoted in the South China Morning Post discussing the significance of the newly established International Organization for Mediation, headquartered in Hong Kong, as Chinese diplomat Wang Yi, Director of the Chinese Communist Party (CCP) Central Committee Foreign Affairs Commission Office, is expected to meet with additional officials and legal representatives following the signing ceremony.
In the article, Terence notes that the establishment of the body in Hong Kong is significant for China, as it is the “first global legal institution focusing exclusively on mediation.” He adds, “Its mediation services offer a practical, less adversarial alternative to arbitration or litigation, which can be costly and time-consuming.”
For more information, visit the South China Morning Post’s website.
In the article, Terence notes that the establishment of the body in Hong Kong is significant for China, as it is the “first global legal institution focusing exclusively on mediation.” He adds, “Its mediation services offer a practical, less adversarial alternative to arbitration or litigation, which can be costly and time-consuming.”
For more information, visit the South China Morning Post’s website.
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