17 September 2019

China firms increasingly look to HK for arbitration, paper says

Mainland firms have been increasingly coming to Hong Kong to seek arbitration over commercial disputes, and the trend is expected to continue, the South China Morning Post reported on Tuesday. Companies likely to come to the city most for arbitration are those involved in marine, construction and commercial disputes, it cited lawyers as saying. “It is much easier for witnesses and company executives who are based in [mainland] China, or elsewhere in Asia, to travel to Hong Kong for arbitration hearings rather than to London or other traditional arbitration centers in Europe,” James Rogers, a litigation and dispute resolution lawyer with international law firm Norton Rose Fulbright, was quoted as sayingUnder the New York Convention, to which Hong Kong is a party, an arbitration awarded here is valid in more than 140 countries, including mainland China.

– Contact HKEJ [email protected]