Foreign investors in China’s Greater Bay Area could benefit from proposal to use Hong Kong laws

Foreign investors in China’s Greater Bay Area could benefit from proposal to use Hong Kong laws

Foreign investors in China’s Greater Bay Area could benefit from proposal to use Hong Kong laws

Hong Kong has proposed a legal change that would boost the city’s role in settling business disputes in the Greater Bay Area, a move that could protect the city’s function as a gateway for foreign investment in mainland China.Last month, Hong Kong Secretary for Justice Teresa Cheng Yeuk-wah floated the idea that Hong Kong businesses in Shenzhen and Guangzhou be able to choose Hong Kong as the applicable jurisdiction in commercial deals and use the city for any potential arbitration of disputes…

Source link