Uh oh. Stop me if you’ve heard this story before: foreign multinational, State-dominated industry sector, and State-owned enterprises. Corruption? You better believe it’s possible. We won’t know whether this particular smoke will lead to an actual fire, but at this point, it doesn’t look like the allegations concerning bribes from Rolls-Royce to an executive at […]
2013-01-07
The Economist turns a skeptical eye towards China’s patent filing statistics for 2011 in a brief article entitled “How Innovative is China?” The article is mostly about valuation, but I’d rather talk about the first part, which deals with registration statistics. No big surprises here for anyone who keeps up on IP registration trends, but […]
2013-01-07
Secretary for Justice Rimsky Yuen signed an arrangement today to provide mutual recognition and enforcement of arbitral awards in Hong Kong and Macau.
Under the deal, Hong Kong courts will recognise and enforce arbitral awards made in Macau, pursuant to the laws there, and Macau courts will recognise and enforce arbitral awards made in Hong Kong, pursuant to the Arbitration Ordinance.
Where a party fails to comply with an arbitral award, whether made in either city, the other party can apply to the court where the party against whom the application is filed is domiciled or the place in which the property of the said party is situated, for recognition and enforcement of the award.
The arrangement will add certainty to the enforceability of Macau arbitral awards in Hong Kong and vice-versa, and provide a simple and effective mechanism in both jurisdictions on reciprocal enforcement of arbitral awards.
It will also foster legal and judicial co-operation between Hong Kong and Macau in civil and commercial matters, and enhance Hong Kong's position as a regional arbitration centre for commercial disputes in the Asia-Pacific.
During his stay in Macau, Mr Yuen also visited other legal and judicial organisations to enhance mutual exchanges and relations in legal and judicial matters.
Mr Yuen returned to Hong Kong this evening.
2013-01-07
Customs officers have arrested a 52-year-old man for smuggling $8 million worth of health food, dried seafood, and endangered species.
Officers stopped his truck at Lok Ma Chau control point on January 5, declared to be carrying 9,675kg of "deer antlers".
They found dried crocodylia meat, birds' nests, dried syngnathus, dried seahorses, dried snake galls, dried deer tails, dried deer tendons, dried geckos, and New Zealand honey.
The crocodylia and seahorses were endangered species.
2013-01-07
Hopes for reform in China have risen in recent weeks. Xi Jinping’s decision to make Shenzhen the site of his first formal inspection tour as party general secretary spurred predictions that he will seek to assume Deng Xiaoping’s mantle as…
2013-01-07
Hopes for reform in China have risen in recent weeks. Xi Jinping’s decision to make Shenzhen the site of his first formal inspection tour as party general secretary spurred predictions that he will seek to assume Deng Xiaoping’s mantle as…
2013-01-07
Hopes for reform in China have risen in recent weeks. Xi Jinping’s decision to make Shenzhen the site of his first formal inspection tour as party general secretary spurred predictions that he will seek to assume Deng Xiaoping’s mantle as…