Document background
The Arbitration Submission Agreement is a crucial document used when parties who don't have a pre-existing arbitration clause in their contract decide to resolve their dispute through arbitration rather than court litigation. Under Hong Kong law, which is based on common law principles and the Arbitration Ordinance (Cap. 609), this agreement serves as the foundation for arbitration proceedings. It must clearly define the scope of the dispute, the arbitration process, and the parties' rights and obligations. The document is particularly relevant in Hong Kong's position as a major international arbitration hub, where parties often seek to leverage the jurisdiction's well-developed arbitration framework and pro-arbitration judicial attitude. The agreement needs to comply with both Hong Kong law and international arbitration conventions, ensuring enforceability both locally and internationally.
