Overview
- Representatives from nearly 20 countries and 20 international organisations gathered in Hong Kong on May 30 to sign the founding agreement for the International Organisation for Mediation.
- The intergovernmental body, first announced in 2022, is mandated to mediate disputes between states, between a state and a foreign national, and among companies across different jurisdictions.
- The organisation’s headquarters is slated to open in Hong Kong by late 2025 or early 2026, with site preparations already underway in Wan Chai.
- Hong Kong officials say the new body will boost the city’s legal services sector and reinforce its status as a premier international dispute resolution hub.
- Legal experts highlight that the mediation platform will handle trade, intellectual property and other transnational conflicts without resorting to binding litigation.