Banking and Finance Dispute Resolution in Hong Kong: The Suitability of Arbitration in Private Disputes

The book explores why clients in Hong Kong's private banking sector do not seek legal redress, despite having the resources and a justifiable reason to do so. It offers insights from both theoretical and empirical perspectives, highlighting potential aspects that could trigger another financial crisis. Its bottom-up approach, incorporating direct observation from the authors' first-hand experiences, adds value to existing literature.

Format: Hardback
Length: 260 pages
Publication date: 25 August 2023
Publisher: Taylor & Francis Ltd

The book delves into the intriguing realm of private banking in Hong Kong, shedding light on a perplexing phenomenon: why clients, despite possessing the resources and possessing a valid justification for seeking legal redress, often choose not to pursue such avenues. Through a comprehensive case study, the author intricately unravels the complex dynamics that govern client behavior, exploring the factors that influence their decision-making process. This insightful exploration not only sheds light on the individual clients' perspectives but also delves into the broader implications of these choices, shedding light on the potential adverse impacts on the stability of the banking industry.

The book employs a multi-faceted approach, drawing upon both theoretical frameworks and empirical evidence, to provide groundbreaking insights into the realm of arbitration. It goes beyond the traditional confines of substantive and procedural issues associated with arbitration and delves into the broader contextual factors that shape the dispute resolution process. By examining the situation before a dispute arises, the book offers a fresh perspective on the dynamics at play, challenging existing assumptions and proposing a new set of factors that contribute to the resolution of disputes.

One of the key strengths of the book is its bottom-up approach, which combines direct observation from the authors' firsthand experiences with a rigorous analytical framework. This unique blend of perspectives adds immense value to the existing literature, providing a more holistic and empirically grounded understanding of the subject matter. The authors' deep insights and personal anecdotes bring the reader closer to the realities of the private banking industry, offering a nuanced and authentic portrayal of the challenges and opportunities that clients face.

In conclusion, "Private Banking in Hong Kong: Why Clients Choose Not to Seek Legal Redress" is a thought-provoking and indispensable book for anyone interested in the field of arbitration, banking, and client behavior. Through its comprehensive analysis and innovative approach, the book offers valuable insights that extend beyond the traditional boundaries of the discipline. It is a must-read for scholars, practitioners, and policymakers alike, as it contributes to our understanding of the complex dynamics that shape the world of private banking and dispute resolution.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032526317