Mainland China and Hong Kong sign Supplemental Arrangement on mutual enforcement of arbitral awards lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
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On 27 November 2020, the Supreme People s Court of the
People s Republic of China and the government of the Hong Kong
SAR signed the Supplemental Arrangement Concerning Mutual
Enforcement of Arbitral Awards between the Mainland and the Hong
Kong Special Administrative Region (the Supplemental
Arrangement).
This document clarifies and modifies the existing arrangement
between the Mainland and the Hong Kong SAR concerning mutual
enforcement of arbitral awards (the 1999 Arrangement) in four
important aspects:-
Article 1 provides that the
procedures for enforcing arbitral awards under the 1999 Arrangement
Background
The Arrangement Concerning Mutual Enforcement of Arbitral Awards between the Mainland and the Hong Kong Special Administrative Region (the “
Existing Arrangement”) was signed in June 1999 and came into effect in February 2000 (see our post of 29 May 2020).
On 27 November 2020, the Supreme People’s Court and the Hong Kong Department of Justice signed the Supplemental Arrangement Concerning Mutual Enforcement of Arbitral Awards between the Mainland and the Hong Kong Special Administrative Region (the “
Supplemental Arrangement”), which modifies and supplements the Existing Arrangement and resolves a number of practical issues.
Key changes and/or clarifications to the Existing Arrangement
The Supplemental Arrangement has introduced four key changes and/or clarifications to the Existing Arrangement: