Shearman And Sterling

News Sep 07, 2017

Shearman & Sterling Partner Nils Eliasson Appointed Chair of the HKIAC Rules Revision Committee

Shearman & Sterling partner Nils Eliasson (Hong Kong-International Arbitration) has been appointed Chair of the Hong Kong International Arbitration Centre (HKIAC) Rules Revision Committee.

Nils, along with members of the HKIAC Rules Revision Committee, will be leading the process of revising the current version of HKIAC’s Administered Arbitration Rules, which came into force on November 1, 2013, including a public consultation process on the proposed amendments that which was launched on August 29, 2017. The major amendments proposed by the Committee at this stage include:

  • Online Document Repository
  • Alternative Means of Dispute Settlement (Arb-Med-Arb)
  • Multilingual Procedures
  • New Grounds for Joinder
  • Expanded Provisions for Single Arbitration Under Multiple Contracts
  • Concurrent Proceedings
  • Third-Party Funding

HKIAC is one of the world's leading dispute resolution organizations with a focus on arbitration, mediation, adjudication and domain name disputes resolution. Founded in 1985, HKIAC was established by a group of businesspeople and professionals to meet the growing need for dispute resolution services in Asia. 

Shearman & Sterling was among the very first law firms to establish a dedicated International Arbitration practice. The firm’s elite team, led by Emmanuel Gaillard, has been at the heart of some of the largest and most sensitive disputes submitted to arbitration, securing the two largest awards ever rendered in the history of international arbitration. Composed of over 100 lawyers across multiple worldwide offices, the team has a reputation for its “excellent knowledge of arbitration processes” and “strategic view of matters.” 

In addition to Nils’ role as Chair of the Committee, partners in the team have notably participated in or chaired committees and working groups for the revision of the Stockholm Chamber of Commerce’s Rules, the drafting the arbitration rules of the Georgia International Arbitration Center (GIAC) and advised Abu Dhabi Global Markets on the drafting of ADGM’s Arbitration Regulations 2015.

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