Business Daily Media

Men's Weekly

.

Hong Kong-headquartered International Mediation Body Established

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.

More than 80 countries and about 20 international organisations, including the United Nations, sent senior representatives to Hong Kong to witness the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation. Member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs of the People's Republic of China, Wang Yi, attended the Signing Ceremony and was the first to sign the Convention on behalf of China. Altogether, 33 countries signed the Convention on-site, making them the founding members of the IOMed.

Addressing the ceremony, Mr Wang said that as an innovative step in international rule of law, the IOMed has great significance in the history of international relations. The IOMed will be headquartered in Hong Kong, whose handover is itself a success story of peaceful settlement of international disputes. He added that the success of the "one country, two systems" principle has created brighter prospects for prosperity and stability in Hong Kong.

Member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, speaks at the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation and is the first to sign the Convention on behalf of China.
Member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, speaks at the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation and is the first to sign the Convention on behalf of China.

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.

HKSAR’s Chief Executive John Lee speaks at the signing ceremony.
HKSAR’s Chief Executive John Lee speaks at the signing ceremony.

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 Police 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."

Representatives from over 30 countries, including China and countries from Asia, Africa, Latin America and Europe, jointly signed the Convention on the Establishment of the International Organization for Mediation in Hong Kong on May 30.
Representatives from over 30 countries, including China and countries from Asia, Africa, Latin America and Europe, jointly signed the Convention on the Establishment of the International Organization for Mediation in Hong Kong on May 30.

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 from Asia

CIX Joins tvN’s "Hashtag Travelog in Taoyuan" to Showcase the City’s Unique Charm

TAOYUAN, TAIWAN - Media OutReach Newswire - 30 May 2025 - To strengthen international tourism—particularly from South Korea, a key source of visitors to Taiwan—the Taoyuan Department of Tourism ha...

Banyan Group Residences Introducing its Most Luxurious Ever Phuket Homes at Singapore Sales Exhibition May 31-June 1

The pioneering hospitality group’s latest property exhibition is headlined by ultra-luxury condos targeting HNWI amid strong international demand for lifestyle homes in Phuket SINGAPORE - Media Ou...

PAObank Appoints Mr. Ronald Iu as Chief Executive and Executive Director

HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - PAO Bank Limited ("PAObank") announces the appointment of Mr. Ronald Iu as Chief Executive and Executive Director of the Board...

AVIS Singapore Leads Car Rental Industry with ISO 45001 Certification

AVIS sets a safety precedent, becoming Singapore's sole car rental firm certified to ISO 45001, meeting global standards. SINGAPORE - Media OutReach Newswire - 30 May 2025 - AVIS Singapore is the ...

HKQAA International Sustainability Forum • Hong Kong 2025: Support the Government's Roadmap on Sustainability Disclosure, Foster cross-border Cooperation and Green Development

HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - Hong Kong Quality Assurance Agency (HKQAA) held the HKQAA International Sustainability Forum • Hong Kong 2025 at the Convention Hall of Hong...

DITP Showcases Thai Culinary Excellence with "Thai SELECT Royal Gala Night"

BANGKOK, THAILAND - Media OutReach Newswire - 30 May 2025 - Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi graciously presided over the "Thai SELECT Royal Gala Night." The ...

Midea Numen AC for Southeast Asia Earns German Red Dot Award for Groundbreaking Designs

ESSEN, GERMANY - Media OutReach Newswire - 30 May 2025 - Midea, the World's No.1 Residential Inverter Air Conditioner Company, reached another important milestone in its innovation journey as the ...

The GULU Introduces Smart Queuing Solutions to Address Long Wait Times at Chong Kee Gold Shop in Hong Kong Amid Gold Price Surge

HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - In response to the recent surge in gold prices and the resulting long queues, THE GULU is announcing its collaboration with Chong Kee Gold S...

DFI Retail Group Divests Shares in Robinsons Retail

HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - DFI Retail Group Holdings Limited ('DFI' or the 'Group') today announces the sale of 315,309,310 common shares in Robinsons Retail Holdings...

Tailored for Southeast Asia, Honored with German Red Dot Award, Midea Numen AC Brings Innovative Designs

ESSEN, GERMANY - Media OutReach Newswire - 30 May 2025 - Midea, the world’s No.1 residential inverter air conditioner company, has reached a new milestone as its Midea Numen air conditioner won th...

TP Leverages AI for Accent-Translation to Improve Customer Engagement

Global digital business services provider Teleperformance (TP) is leveraging AI voice technology to improve communication between customers and se...

The quiet majority: why marketers need to cater to low intent shoppers

When shoppers are browsing online, whether for a new phone, holiday, or pair of shoes, they usually know exactly where they stand. Sometimes they’...

Lack of Salary Transparency is Costing Businesses Top Talent, Says Recruiters

As end-of-financial-year reviews approach, new research reveals a growing disconnect between Australian employers and employees on the issue of sa...

Sleep Soundly, Knowing Your People Are Paid Right: Navigating the Complexities of Modern Payroll

The Role of Modern Payroll Modern payroll systems are essential to any organization's financial infrastructure in today's rapidly evolving business...

Tariffs for dummies: Getting to grips with the business of exporting goods and services

It pays to understand how the international taxation system works before you start selling abroad. Take a glance at the business news just now an...

Deputy Unveils Enterprise-Grade Analytics+ to Power Smarter Workforce Decisions for Shift-Based Businesses

Deputy, the world’s leading workforce management platform for shift work, today announced the global launch of Deputy Analytics+, a next-generatio...

Sell by LayBy