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| No.10 October, 2010 |
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Arbitration pact signed to foster exchanges and cooperation |
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 Hong Kong and the Mainland China signed the Co-operation Arrangement on Legal Services for Commercial Matters and Arbitration to foster better exchanges and cooperation.
The Secretary for Justice, Mr Wong Yan Lung and Vice Chairman of the China Council for the Promotion of International Trade (CCPIT), Mr Dong Songgen signed the document on October 25.
Under the Arrangement, the two parties will strengthen information exchanges and collaboration in organising conferences on legal services and related activities. It helps enterprises in both places provide training in commercial and arbitration law to encourage the establishment of better risk management and dispute resolution mechanism for commercial matters.
It promotes and facilitates cooperation and exchange between legal departments under the Mainland Council and related bodies in Hong Kong in arbitration, mediation and intellectual property protection.
Mr Wong said: “The Department of Justice strives to promote Hong Kong as a regional legal services and dispute resolution centre. Our efforts have been bearing fruit in recent years.
"The HKIAC has successfully emerged as a key international arbitration centre in the Asia Pacific region. The International Court of Arbitration of the International Chamber of Commerce also set up its first Asian branch Secretariat in Hong Kong in 2008, which is an important milestone marking Hong Kong's leading role in international arbitration services. The signing of the Arrangement today underlines our continued effort in this respect.
"With the Mainland's dynamic economic development and frequent trade activities with Hong Kong, the demand for legal and arbitration services is on the rise. I believe that the signing of the Arrangement will be mutually beneficial and will achieve a 'win-win' situation, thus further strengthening Hong Kong's position as a regional legal services and dispute resolution centre."
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