The current lack of enforceability of foreign judgments between Hong Kong and mainland China is a major hurdle to commercial dispute resolution across the greater China region. That now looks set to change under a proposed agreement between Hong Kong and mainland China which would deliver greater choice in dispute resolution to commercial enterprises. The changes could make litigation in Hong Kong an attractive, viable alternative to arbitration in mainland China.
Progress on this agreement was announced in April by the Secretary for Justice of Hong Kong, Wong Yan-lung, following more than four years of dialogue with the President of the Supreme People’s Court, Mr Xiao Yang. A formal agreement should be signed this year.
