This book provides a general introduction to the law and practice of arbitration in Hong Kong, Asia's leading international arbitration centre. The title examines the benefits of arbitration as a dispute settlement mechanism and the relative advantages of Hong Kong as an arbitration venue. It goes on to describe the organization and work of the Hong Kong International Arbitration Centre (HKIAC) and the evolution of Hong Kong's current arbitration legislation, including the role of the UNCITRAL Model Law. Subsequent chapters discuss drafting arbitration agreements and model arbitration clauses; arbitration procedure; enforcement and setting aside of awards; and mechanisms for reciprocal enforcement of arbitral awards between the Mainland and the Hong Kong SAR. A final chapter describes current proposals for arbitration reform in Hong Kong. Features include: Extensive appendices including official English and Chinese language versions of the Hong Kong Arbitration Ordinance. Statistics provided on arbitration in Hong Kong as compared to other arbitration venues. This book will be of interest to corporate counsel, international lawyers and business people, as well as to students of dispute resolution.