Be prepared to see a lot more business disputes on projects linked to China’s “Belt and Road Initiative”, warns Sarah Grimmer, secretary general of Hong Kong International Arbitration Centre (HKIAC). Five years after Beijing rolled out its ambitious plan to improve regional and transcontinental connectivity, the time is ripe for disputes to arise as contracts mature, she said.
“Typically, we see a deal struck one year and, between two and five years later, that’s when we see disputes, so that’s when we start to see the cases come out of these transactions,” Grimmer said.
“Typically, we see a deal struck one year and, between two and five years later, that’s when we see disputes, so that’s when we start to see the cases come out of these transactions,” Grimmer said.
