08 March 2018
Opening of international arbitration centre (The Hague Hearing Centre) to boost city’s image and economy
On Wednesday 7 March, Saskia Bruines, deputy mayor for International Affairs, opened The Hague Hearing Centre, a unique international arbitration hub. The centre will deal with disputes between parties from across the world, the cost of which can easily run into millions of euros. The Hague Hearing Centre will help boost The Hague’s profile as the international city of peace and justice as well as the local economy.
Opening The Hague Hearing Centre
The Hague, city of peace and justice
Many parties are increasingly opting for arbitration instead of going to court to resolve international disputes. The advantage is that arbitrators can be selected according to their professional know-how and legal expertise.
The establishment of this international centre is in keeping with the development and positioning of The Hague as the city of peace and justice. The Hague is internationally acclaimed in the field of justice and many transnational companies and organisations are based in the city. Moreover, the Netherlands is famed for its neutrality, even when it concerns Dutch companies or organisations.
Saskia Bruines, deputy mayor for International Affairs: “International arbitration has experienced enormous growth in recent years. The Hague is the ideal place for settling disputes of this nature because of its neutrality and prominent position in the legal field. As The Hague Hearing Centre will contribute to The Hague’s international position as the city of peace and justice, the municipality has provided a start-up subsidy to help establish the centre. The Hague Hearing Centre will strengthen the city’s reputation as the place to be to resolve complex international disputes.”
Opening The Hague Hearing Centre
The legal capital of the world
The Hague Hearing Centre will be a valuable addition to the Permanent Court of Arbitration and the United States-Iran Claims Tribunal, which are already located in the city. The Hague has a worldwide, centuries-old reputation for dispute resolution. For example, in 1946 the International Court of Justice was founded in the Peace Palace in The Hague. This highest judicial organ of the United Nations is the only part of the UN that is not headquartered in New York. During his speech in the Great Church of The Hague in 1994, Secretary-General of the United Nations Boutros Boutros-Ghali described The Hague as “the legal capital of the world”.
Location The Hague Hearing Centre
The Hague Hearing Centre is located next to The Hague Central Station in New Babylon and is a unique centre with state-of-the-art hearing rooms for international arbitration cases and mediations. Aside from its legal significance, The Hague Hearing Centre will also have a tangible economic impact for the region, generating additional demand for hotel rooms, restaurants, translation agencies, interpreters, court reporters and other service providers. In addition to the many advantages offered by the centre, The Hague itself is less expensive than other cities such as Paris, Geneva and London and is also easy to reach.
Saskia Bruines: “The Hague Hearing Centre will be a dynamic platform for networking and strengthening relationships. I wish it every success.”
If you have any questions about THHC, you can contact Marjolijn Groot Koerkamp, The Hague Business Agency, M +31 (0)6 43 02 71 65 65 or T +31 (0)70 311 55 55 55 or visit www.thehaguehearingcentre.com.