Exchanges
Following China's “One Belt, One Road” initiative, it will become a norm and an inevitable trend for Chinese enterprises to “go global” and "connect with the rest of the world".
A sound and stable judicial system is conducive to business development. The “going global” process often entails facing complex and unfamiliar business environment. It is essential that Chinese Enterprises should understand commercial law, contract law and international trade customs. With the benefit of having a system of law under which the requisite elements of a valid and enforceable contract are clearly stated so that the parties could perform their obligations in accordance with the terms of the contract, Hong Kong is well poised to serve as a platform for parties to resolve commercial disputes. This will greatly increase the parties' confidence in entering into agreements and complying with contractual terms.
The economic and trade development in the Mainland will add further impetus to the need for Chinese enterprises to have access to high-quality international legal services, especially services in relation to international arbitration and mediation. The Hong Kong Bar can provide professional legal services in commercial disputes involving foreign elements.
Hong Kong enjoys a unique competitive edge under the principle of “One Country, Two Systems”. Further, Hong Kong has a sound legal system and a large pool of legal professional talents. These advantages, coupled with the fact that Hong Kong is geographically convenient, make Hong Kong a neutral and ideal forum for arbitration.
For your ease of reference, we have provided in this website the links to the websites of some relevant governmental departments and bodies in Mainland China.
