Erodes

Hong Kong’s reputation as a global business hub is expected to be further tarnished with the implementation of a new law that gives Chinese courts the power to enforce rulings in commercial disputes. The law, which comes into effect today, aims to reduce the need for re-litigation in civil and commercial disputes that have a connection to mainland China. However, critics have expressed concerns that this move erodes the differences between the legal systems of Hong Kong and mainland China. International companies have traditionally chosen to base themselves in Hong Kong due to its access … Read more