Search

The article focuses on the Arrangement on Reciprocal Enforcement of Judgments in Civil and Commercial Matters agreement entered between Hong Kong, China and Taiwan. The agreement is said to offer reciprocal treatment of money judgments in both jurisdictions. Prior to the agreement, Taiwan does not recognize Hong Kong rulings while the latter treat the former's as evidence. But Roy Chan of DLA Piper said that the no cases are enforced under the agreement due to time spent in writing the required clause into contracts.

The article reports on the legislation update proposal of the Third Party Funding for Arbitration Subcommittee, the subcommittee of Hong Kong Law Reform Commission, to ensure the city's top rank in terms of dispute resolution destination as of 2015. The proposal is noted to be an essential factor in enhancing the city's competitive position as an international arbitration center. The country's lack of clarity on its third-party funding in arbitration is mentioned.

The article reports on the completion of the Professional Services Development Assistance Scheme Project by the Hong Kong International Arbitration Centre (HKIAC) which aims to promote Hong Kong as a centre for international arbitration in the U.S. The HKIAC says there is a general lack of awareness of the legal system in Hong Kong in the U.S. According to a HKIAC spokesperson, part of the Centre's mission was to show the transparency of Hong Kong, its dependence on the rule of law as well as its separate status and independent legal system.

The article reports on the plan of the International Chamber of Commerce (ICC) International Court of Arbitration to open two new offices in Hong Kong, China and Singapore at the end of 2008. The initiative is undertaken due to the growing needed of arbitration resolution services in Asia. The ICC court's secretariat and case management team will be housed in Hong Kong.