Almost from the very beginning of the internet era, the world has been increasingly afflicted with cyberfraud, exploiting the internet’s potential to enable fraudsters to induce unsuspecting victims to transfer money to...more
“Business Email Compromise Scams” or “BEC scams” typically target companies that conduct wire transfers with entities abroad. For example, a fraudster may use an email address that is very similar to that of a business’s...more
Wire fraud threats have been on the rise in recent years, with Hong Kong becoming a particularly attractive destination for fraudsters due to its status as a global financial hub. Criminals are using increasingly...more
Our previous article raised the issue that costs of commercial arbitration are pretty high in Hong Kong. Then who should bear the costs at the end of the arbitration?...more
我们在系列三（中国企业的国际仲裁（系列三）：在香港仲裁 ，费用真的很高吗？）文章中提到香港商事仲裁费用偏高的问题，同时也提到第三方资助可能是企业可以考虑的解决方法之一。试想这样一个情况：企业在经历了新冠肺炎之后，竭尽全力组织恢复生产、经营。...more
As mentioned in our previous article, the costs of commercial arbitration in Hong Kong are pretty high. Third-party funding, however, could be one of the possible solutions for companies to consider....more
In this part of our ongoing series, we will examine the costs of arbitration in Hong Kong and if it is expensive as thought. Arbitration costs mainly comprise of two parts: solicitors’ fees and the costs attributable to...more
6/3/2021
/ Arbitration ,
Asia ,
Attorney's Fees ,
China ,
Hong Kong ,
Hong Kong International Arbitration Centre (HKIAC) ,
International Arbitration ,
International Trade Disputes ,
Litigation Fees & Costs ,
PRC ,
Tribunals ,
Venue
On April 2, 2019, the Supreme People’s Court of the PRC and the Department of Justice of Hong Kong signed the “Arrangements concerning the Mutual Assistance in Court-Order Interim Measures in Aid of Arbitral Proceedings by...more
6/3/2021
/ Arbitration ,
Arbitration Awards ,
Asia ,
Business Disputes ,
China ,
CIETAC ,
Foreign Arbitral Awards ,
Foreign Corporations ,
Hong Kong ,
Hong Kong International Arbitration Centre (HKIAC) ,
Interim Measures ,
International Arbitration ,
International Chamber of Commerce (ICC) ,
PRC ,
Variable Interest Entities
The advantages enjoyed by Hong Kong as a center for arbitration of commercial disputes involving parties in Mainland China have been further enhanced by new measures to strengthen the cross-border recognition and enforcement...more
Hong Kong has long occupied a favored position as a site of arbitration of contractual claims or disputes between Mainland Chinese and foreign parties, at least where the parties have not been able to agree on arbitration in...more
On 27 November 2017, the High Court of Hong Kong issued a judgment in which it again demonstrated its willingness to uphold an arbitration agreement, despite arguments that the arbitration agreement had been superseded by a...more
Over the Lunar New Year period, we observed a spate of email wire frauds (or ‘business email scams’) which involve funds being wired internationally to bank accounts in Hong Kong. The amounts transferred vary from a few...more
Email wire fraud scammers continue to target local and international businesses with victims suffering millions of dollars of lost funds wired to Hong Kong bank accounts.
In December 2016, the Hong Kong Legislative...more
According to the 2015 International Arbitration Survey conducted by Queen Mary University of London, Hong Kong is the third most preferred seat of international commercial arbitration in the world, behind only Paris and...more
The Permanent Court of Arbitration (“PCA”) has just released the full award of the Tribunal in Philip Morris Asia Limited (Hong Kong) v. The Commonwealth of Australia, which was rendered in late 2015. We previously published...more
5/25/2016
/ Australia ,
Bilateral Investment Treaties ,
Declaratory Relief ,
Good Faith ,
Hong Kong ,
International Arbitration ,
Investor State Dispute Settlement (ISDS) ,
Jurisdiction ,
Philip Morris ,
Product Packaging ,
Reorganizations ,
Sovereign Immunity ,
Standing ,
Tobacco Litigation ,
Trans-Pacific Partnership ,
TTIP