Since 1 February 2000, enforcement of arbitral awards between the Mainland and Hong Kong has been governed by a separate Arrangement, which has successfully provided an effective mechanism of enforcing awards between these two jurisdictions.
On 27 November 2020, a Supplemental Arrangement was signed, amending four aspects of the original Arrangement to bring it further in line with current practice in international arbitration. Some amendments became effective immediately, while others will become effective on 19 May 2021. Importantly, award creditors will be able to seek enforcement of an award in both jurisdictions simultaneously as long as the total amount to be recovered does not exceed the amount determined in the award. Simultaneous enforcement was prohibited under the original Arrangement.
Read the complete story here.
This article first appeared on Securities Arbitration Alert, here. Years ago I penned a blog post on Thanksgiving and arbitration. It still rings true. So, without further ado, here’s my...
By George FriedmanThis article was first published in the Thomson Reuters Blog, here. On 25 January 2022, the Court of Justice of the European Union (ECJ) handed down its judgment in the...
By Nikos LavranosThis blog post was originally published on the Practical Law Arbitration Blog and is reproduced with the permission of Thomson Reuters. There are various means open to a party to an arbitration to seek...
By Paul Toms
With the purchase of a Featured Membership, you will be shown on the front page of Arbitrate.com to web site visitors from your city and region (“state” if you are in the USA). You may appear in more than one city/region by purchasing additional locations.