HK, Macao ink arbitration co-operation deal
(01-07 18:54)
The Secretary for Justice, Rimsky Yuen, SC, signed an arrangement with Macao to provide mutual recognition and enforcement of arbitral awards in both places.
The deals were signed by Yuen and the Secretary for Administration and Justice of the Macao, Ms Florinda Chan, at Macao's government headquarters this afternoon.
Under the Arrangement, the courts of the HKSAR shall recognise and enforce arbitral awards made in the Macao SAR pursuant to the laws of arbitration of the Macao SAR and the courts of the Macao SAR shall recognise and enforce arbitral awards made in the HKSAR pursuant to the Arbitration Ordinance of the HKSAR.
Where a party fails to comply with an arbitral award, whether made in the HKSAR or the Macao SAR, the other party may apply to the relevant court in the place 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 government said.
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