Hong Kong court rules on escalation clauses
A commercial satellite flying over Asia (Credit: Shutterstock/Darryl Fonseka)
A Hong Kong court has upheld an award in favour of a satellite operator after finding that it is up to arbitrators to decide whether a party has complied with pre-conditions to arbitration in an escalation clause – a ruling that counsel say could have a “far reaching” impact in other UNCITRAL Model Law jurisdictions.
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