The Secretary for Justice, Zheng Ruohua, said in her blog today (23rd) that in order to establish a more comprehensive mechanism for the mutual recognition and enforcement of judgments in civil and commercial cases between two different jurisdictions, the Department of Justice and the Supreme People's Court earlier signed the Judgment Enforcement Arrangements, which, when implemented, will greatly reduce the need to re-litigate in the jurisdiction where the judgment is enforced, and avoid the complex litigation process that creditors have to face to recover their judgment debts in other jurisdictions.
She also pointed out that the implementation of the "Arrangements for the Enforcement of Judgments" is one of the key tasks of the Department of Justice this year, stressing that the relevant bills have been prepared and public consultations are underway.
The Secretary for Justice, Zheng Ruohua, signed the "Arrangement on Mutual Recognition and Enforcement of Judgments in Civil and Commercial Cases between Mainland and Hong Kong Special Administrative Region Courts" with the Supreme People's Court in Beijing.
(Information Services Department)
Zheng Ruohua pointed out in her blog that the draft of the Hague Judgment Convention was referenced when formulating the "Arrangement for the Enforcement of Judgments". She believed that the "Arrangement for the Enforcement of Judgments" took into account the actual needs and conditions of the Mainland and Hong Kong, and at the same time took advantage of the "one country, two systems" feature to expand the regulations. The scope of application of the draft covers a wide range of judgments in contract and tort disputes, which is broader than the Hague Judgments Convention.
Cheng Ruohua also pointed out that the Department of Justice also proposed different measures to enhance Hong Kong as a center for providing international legal, dispute resolution and transaction facilitation services, including reforming the fee structure related to arbitration results, promoting the operation of the Hong Kong Regional Arbitration Center for illegal associations, and implementing the "Sales". Convention.
Reforming legal fees for arbitration work could bring Hong Kong's arbitration services up to date, says
In terms of legal fees for arbitration work, Cheng Ruohua believes that the reform of the arrangement can respond to the expectations of the parties to the arbitration for flexible fee arrangements, and expand the channels for seeking justice. At the same time, Hong Kong's arbitration services can keep pace with the times and attract more people. Choose Arbitration and Legal Services in Hong Kong.
She pointed out that the Arbitration Promotion Advisory Committee supports the relevant proposals. The Department of Justice also understands that the establishment of a fee structure related to arbitration results can enhance Hong Kong's competitiveness. The legislative amendment will be processed as soon as possible to benefit the industry as soon as possible.
Cheng Ruohua believes that reforming the legal fees for arbitration work can respond to the expectations of arbitration parties for flexible fee arrangements, expand the channels for seeking justice, and at the same time enable Hong Kong's arbitration services to keep pace with the times.
(file picture)
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