Source: Hong Kong Information Services
An agreement on interim measures in aid of arbitral proceedings between Hong Kong and Mainland courts will come into operation tomorrow.
The Department of Justice noted that currently, Mainland laws do not allow parties to arbitral proceedings in other jurisdictions to apply to a Mainland people’s court for interim measures.
Under the Arrangement Concerning Mutual Assistance in Court-ordered Interim Measures in Aid of Arbitral Proceedings by the Courts of the Mainland & of the Hong Kong Special Administrative Region, parties to arbitral proceedings which are seated in Hong Kong and administered by designated arbitral institutions would be able to seek assistance from the relevant people’s courts in the Mainland.
The arrangement would enhance the competitiveness of Hong Kong’s international arbitration services.
The department and the Supreme People’s Court will co-organise a seminar on the arrangement on October 19. Click here to register.
The list of institutions and permanent offices qualifying under the arrangement is available online.