Landmark First Order Under Mainland-HK Arbitration Arrangement Issued
October 28, 2019 | BY
Vincent ChowLauded as a game-changer for the industry, the new interim measures arrangement between mainland China and Hong Kong courts has scored its first success just days after it came into effect.
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A new ground-breaking arbitration pact between mainland Chinese and Hong Kong courts has been hailed as a "game-changer" for China-related cross-border transactions. The Arrangement, signed in April, allows parties of Hong Kong-seated arbitration proceedings to apply for interim relief from mainland courts. Within a week of it taking effect, a mainland court granted the first interim measure under the new rule.