Wednesday, March 20, 2013

Hong Kong and Macau's arbitration agreement





Hong Kong and Macau agreed in January to an arrangement for the reciprocal enforcement of arbitral awards, bringing to a successful conclusion discussions which had been in progress for over a year.


This arrangement will provide an effective method of enforcing any Hong Kong arbitral awards in Macau, and vice versa.


Hong Kong and Macau both have procedures for the enforcement of foreign awards, namely, the Hong Kong Arbitration Ordinance, and Macau's Decree Law, but these procedures lack the efficiency of a special bilateral reciprocal arrangement.









via Business feed http://www.scmp.com/business/china-business/article/1195015/hong-kong-and-macaus-arbitration-agreement

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