[Left] Dr. Law Wai Hung, Francis, Dr. Fung Kwok Hung, Lobo, and Ms. Wong Yan, Amy
The representatives of the HKIMC, HKICPM, and HKCICA signing the collaborative agreement.
Hong Kong International Commercial Arbitration Centre (HKCICA) is delighted to have signed the collaborative agreement with Hong Kong Institute of Certified Property Managers (HKICPM) and the Hong Kong Mediation Centre (HKMC) on June 26, to establish a property management and real estate professional dispute resolution service scheme. The industry-specialised scheme aims at encouraging disputing parties to resolve disputes efficiently by using independent and impartial professional mediation and arbitration services.
For the betterment of service quality and efficient case management, HKCICA will be setting up an "Property Management and Real Estate Professional Arbitration Panel", while HKMC will also be providing specialised mediators under the organisation's specialised panel "Property Management and Real Estate Professional Arbitration Panel".
The parties to the dispute may jointly select the mediator on the HKMC panel to be in charge of their case. If a settlement cannot be reached, the case will be submitted to the HKCICA for arbitration.
Mediation and arbitration are effective dispute resolution methods. In comparison to litigation, they serve an advantage by saving time and money. The HCICA encourages parties to utilise this collaborative service scheme to resolve the property management and real estate related dispute with this flexible and effective dispute resolution mechanism.