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Beginning of 'belt and road' disputes between China and its partners?

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. (Top Current Affairs Magazine in Pakistan)

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).

“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.

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 “So I expect that we will start to see disputes arising from the belt and road strategy around now. Over the next five to 10 years, we will see a lot more, and then it will continue. I think we are just at the beginning of the dispute phase.”

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October 9, 2018

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