In the news: Mainland firms using HK for arbitration, Heineken's trademark hijacked and keeping personal data confidential
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clpstaff &clp articlesHong Kong is attracting more mainland parties for arbitration. Heineken is facing an uphill trademark battle and companies are feeling the need to keep personal data confidential
More Chinese companies turn to Hong Kong for arbitration
The SCMP ran an article on how an increasing number of mainland companies have been turning to Hong Kong to arbitrate their commercial disputes. The close proximity and cultural similarities to the mainland have meant that the territory is accessible. The article said lawyers in Hong Kong expected the trend to continue, especially for marine, construction and commercial disputes. However, in order for Hong Kong to maintain its attractiveness to mainland parties, costs have to be considered, as arbitration is supposed to be the low-cost alternative to expensive trials.
Source: SCMP
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