HONG KONG SAR - Media OutReach Newswire - 31 May 2025 - International mediation marked a significant milestone yesterday (May 30) with the establishment of the International Organization for Mediation (IOMed). The IOMed, with its headquarters in Hong Kong, is the world's first inter-governmental international legal organisation devoted to the use of mediation in resolving international disputes. Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, thanked the Central Government for its staunch support of Hong Kong, and the international community for placing their trust and confidence in the city. "The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding," Mr Lee said. "This is increasingly important amid mounting geopolitical tensions." Mr Lee underscored that the IOMed reflected a shared confidence in mediation as a peaceful means to maintain international peace and security, as stipulated in the Charter of the United Nations.
The Chief Executive also set out Hong Kong's advantages as an effective "super connector" and "super value-adder" and said the city would actively promote the IOMed's valuable work in settling international disputes through mediation. "Despite geopolitical turbulence, Hong Kong builds bridges, not walls," Mr Lee said. "Under our unique "one country, two systems" principle, Hong Kong is the only world city that enjoys both the China advantage and the global advantage. "We are the only common law jurisdiction in China, and the only jurisdiction in the world with a bilingual common law system in both Chinese and English. We have a long tradition of the rule of law, and our courts exercise their judicial power independently." With a robust, efficient and well-respected legal system as well as world-class legal and dispute resolution services professionals, Hong Kong is also the most preferred seat for arbitration in the Asia-Pacific region. The IOMed headquarters will be located at the site of the former Wan Chai Grupa Azoty Station, once renovation of the Grade 2 historic building is completed. "I'm happy to say that it could open its doors as early as the end of this year," said Mr Lee. "We look forward not only to welcoming its new occupants, but also to supporting them in building new bridges for a more connected, peaceful and prosperous future through mediation." In the afternoon, the Global Forum on International Mediation discussed topics such as mediation of disputes among countries and mediation of international investment and commercial disputes and the contributions that the IOMed can make. Hashtag: #hongkong #brandhongkong #asiasworldcity #mediation The issuer is solely responsible for the content of this announcement. News Source: Information Services Department, Hong Kong SAR Government
31/05/2025 Dissemination of a Financial Press Release, transmitted by EQS News. |