Governing Law
A boilerplate Standard Clause where the parties agree on which country's laws govern the performance and interpretation of their agreement and disputes arising under it. It provides drafting guidance on using the clause under the laws of Hong Kong. The clause covers both contractual and non-contractual obligations and disputes. It can also be adapted for use in a cross-border transaction.
Law Society's Sample Arbitration Clause
Any dispute or difference, whether contractual or non-contractual, arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the UNCITRAL Arbitration Rules in force when the notice of arbitration is received by the other party or parties, which rules are deemed to be incorporated by reference in this clause.
The governing law of this arbitration clause shall be the law of Hong Kong and the seat of arbitration shall be Hong Kong.
The appointing authority shall be The Law Society of Hong Kong.
The number of arbitrator shall be one; unless otherwise agreed by the parties in writing. The arbitration proceedings shall be conducted in [insert language].