28 July 2006 LAWFUEL – Law News Network – The Hong Kong and Mainlan…

28 July 2006 LAWFUEL – Law News Network – The Hong Kong and Mainland China Governments recently signed a much debated agreement for reciprocal enforcement of judgments in each others’ courts. The arrangement has potentially far-reaching consequences for anyone doing business in Hong Kong and China or with assets in these countries. Reciprocal enforcement is a two-way street: it will strengthen Hong Kong’s position as a regional centre for dispute resolution and in the long-term it is a necessary step towards the ultimate integration of the Hong Kong and Mainland systems. But there will also be potential dangers for the unwary.