Multinationals turn away from Hong Kong for dispute resolution

 

Multinationals turn away from Hong Kong for dispute resolution

HONG KONG -- Companies are growing increasingly hesitant to choose Hong Kong for arbitration due to concerns over the legal and political environment in the city.
 
"The perception is that Hong Kong's judiciary is now part of China, so Hong Kong is often rejected by foreign companies when writing up arbitration contracts," noted a lawyer who works with clients in the financial services industry.