The laws implementing the Mainland-Hong Kong arrangement for reciprocal enforcement of civil and commercial judgments came into effect on 29 January 2024. This topic has garnered recent media attention, with concerns raised about the seizing of assets in Hong Kong and the exchange of information on the enforcement of cases between the courts of both jurisdictions. The Department of Justice has since come out with a formal response in this regard.
The speakers in the webinar will explain the arrangement and delve into the changes resulting from the new legislation. They will explore the practical effect and implications that these changes have on parties and assets in both Hong Kong and the Mainland. They will also address issues of concern to the accounting profession and their clients, including:
- The significance of the 29 January 2024 date and other timing issues
- The types of judgments and relief to which the new arrangement applies
- The need for a connection to the Mainland or Hong Kong at the time proceedings are brought
- Effect of registration
- Context of other arrangements between the Mainland and Hong Kong
- Practical implications