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Home Business Law

Mainland and HK agree on reciprocal enforcement of judgments

Stanley Paul by Stanley Paul
February 15, 2023
in Business Law
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Mainland and HK agree on reciprocal enforcement of judgments

China’s mainland and Hong Kong, on 18 January 2019, signed the Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and Commercial Matters between the Courts of the Mainland and Hong Kong (the Arrangement). This is a critical development for events negotiating dispute decision mechanisms and considering the desire of court provisions. The Arrangement applies to civil judgments and covers both monetary and non-financial remedies. Judgment creditors will not want to start sparkling complaints in the imposing jurisdiction.

Mainland and HK agree on reciprocal enforcement of judgments 1The Arrangement will impact a date to be introduced and supersedes the Choice of Court Arrangement signed in 2006 (the 2006 association), which was a long way extra constrained in its scope than the brand new Arrangement. The new regime has positive implications for enterprises with events that have belongings in the mainland or Hong Kong. Parties looking to enforce judgments protected by using the Arrangement will not want to re-litigate their instances when seeking to recover belongings in Hong Kong or the mainland. This will suggest extra actuality and expediency for events litigating in Hong Kong or the mainland and could advantage buyers under the Belt and Road Initiative and the Guangdong-Hong Kong-Macau Greater Bay Area.

Before the Arrangement, the handiest mechanism for mutual popularity or enforcement of judgments between Hong Kong and the mainland was the 2006 arrangement. The 2006 arrangement carried out handiest to industrial contracts and located some of the requirements on those contracts to rely upon the 2006 arrangement. It additionally only implemented to cash judgments, not to nonmonetary orders.

The new Arrangement eliminates these barriers. Save for fulfilling positive jurisdictional thresholds; events will now have extra alternatives in determining their preferred dispute resolution mechanism in Hong Kong and the mainland. The Arrangement applies to judgments made on or after its graduation date. However, there can be a transition period for agreements made earlier than the graduation of the Arrangement, wherein case the 2006 association will hold to use.

Stanley Paul

Stanley Paul

I am a lawyer by profession and blogger by choice. I work for a prestigious law firm where I handle complex litigation and intellectual property matters. In my spare time, I write about various legal issues on my personal blog. I am always open to interesting topics and will always try to provide a fresh perspective on the latest developments in the legal world. I am a huge fan of technology, and I am always excited to learn more about how this industry is growing. For example, I recently had the chance to attend the opening of the Facebook campus in Dublin, Ireland and interviewed Mark Zuckerberg.

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