The relationship between the Belt & Road Initiative and the future of dispute resolution is an interactive one, and it is two-way.
Secretary for Justice Rimsky Yuen made the statement in his speech at the 5th Asia Pacific ADR Conference in Seoul today.
An international forum on dispute resolution, the conference is jointly hosted by the United Nations Commission on International Trade Law Regional Office for Asia & the Pacific, the Korean Ministry of Justice, the Korean Commercial Arbitration Board, the International Chamber of Commerce and the Seoul International Dispute Resolution Centre.
Mr Yuen said given the likely increase of commercial and investment activities, the demand for dispute resolution services, including arbitration, is bound to increase.
"The initiative has become and will remain for quite some time a strong impetus for the further development and popularity of international arbitration."
He said some advocate the harmonisation of arbitration law while there are also views that one can adapt the current international arbitration regime to the context of the Belt & Road Initiative.
"If this approach is to be adopted, the natural question that arises is how the current regime can or should be revised to take into account the diversities that exist among the countries along the Belt & Road route."
Mr Yuen also met Korean Minister of Justice Kim Hyun-Woong.
