Hong Kong works on legal possibilities for local enterprises operating in Greater Bay Area

HONG KONG, Oct. 26 (Xinhua) - The Justice Department of the Government of Hong Kong Region Special Administrative (SAR) is working on a possible initiative to apply to the province of Guangdong-Hong Kong-Macao Grand Bay area, with the aim of allowing "Hong Kong-owned enterprises to adopt laws and arbitration will sit in Hong Kong Hong Kong," the secretary of Justice of the HKSAR government Teresa Cheng on Monday.

Cheng wrote in a blog that the initiative, if implemented successfully, will be good news for legal and business sectors in Hong Kong, and It will help boost investment in the Greater bay area.

"We hope that Hong Kong companies wholly owned in the area of ​​the bay, in the absence of anything related to foreigners, may choose the law of Hong Kong as the law applicable to the entering civil and commercial contracts, and decide to choose Hong Kong as the venue for the arb itration when conflicts occur. therefore, the agreement on the choice of the laws of Hong Kong or use Hong Kong as the venue for arbitration shall not be deemed invalid because of the absence of any element related to foreigners, "said

Cheng added that he believes the plan in 2020-2025 implementation of reforms pilot in Shenzhen to build the city into a demonstration area of ​​socialism with Chinese characteristics calls for a higher level of cooperation between Shenzhen and Hong Kong, for example, legal services conflict resolution < p sty le = "margin: 0px 3px 15px"> .. Hong Kong should seize the opportunity and capitalize on its strengths in order to achieve a win-win relationship with Shenzhen, according to its

" I am very glad to know that the guidelines of the pilot program for Hong Kong and professional Macao the right to obtaining of continental practice and practice law in the nine municipalities of the Delta of the river pearl Guangdong-Hong Kong-Macao Greater Bay area to allow prosecutors and lawyers with five years experience post-qualification to apply for the exam, "said

the measures recently introduced and related, could help extend the reach of professional services in Hong Kong and strengthen legal support for Hong Kong enterprises operating in the bay area more, contributing to attracting investment, according to their

. This scenario will allow a win-win, reflecting the relationship of mutual benefit, he said. End

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