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DoJ delegation visits Beijing for discussion on the
opportunities for deal making and dispute resolution

The Department of Justice (DoJ) hosted two seminars in Beijing on November 25 and 26. One seminar was entitled “Is Hong Kong still irreplaceable?”, and the other seminar prompted discussion about the challenges of laws and coping strategies under the Belt and Road Initiative.

The seminar theme “Is Hong Kong still irreplaceable?” was drawn from a recent article published by lawyer Jingzhou Tao in the Financial Times titled “Hong Kong is irreplaceable as the region’s financial centre”. DoJ hosted this seminar to explore the important role of Hong Kong as a centre for deal making and dispute resolution through two major topics: “Capital Markets and Deal-Making” and “Commercial and Investment Dispute Resolution”.

Although Hong Kong has faced different challenges in recent months, we have mature and sound legal and judicial systems, and our community is efficient and resourceful. With our sound institutional advantages, DoJ is committed to consolidating and further enhancing Hong Kong’s profile as a deal making and dispute resolution hub, providing innovative and diversified legal services to companies involved in the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area. Thus, the conclusion of the seminar was that Hong Kong has not been affected fundamentally in the long run by the recent events and the city will not be replaced easily.

The other seminar on the challenges of laws and coping strategies under the Belt and Road Initiative was jointly organised by the Ministry of Commerce, State-owned Assets Supervision and Administration Commission of the State Council, and DoJ. It was also the first exchange project of the “Tripartite Exchange and Cooperation Platform” initiated by DoJ. According to the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area promulgated in February, Hong Kong is one of the four core cities in the development of the Greater Bay Area and a core engine for regional development. The Outline Development Plan clearly supports establishing Hong Kong as an international legal and dispute resolution services centre in the Asia-Pacific region, and Hong Kong has always been a window for foreign companies to enter the Mainland market. It is a priority for Hong Kong to leverage the city’s advantages in meeting the country’s needs and help resolving the specific legal problems and risks encountered by Mainland Chinese companies in countries along the Belt and Road when they “go global”. The cases and topics discussed in the seminar were broad, in-depth and relevant. It was a solid step towards deepening the close co-operation among the three sides (the Ministry of Commerce, State-owned Assets Supervision and Administration Commission of the State Council, and DoJ), with far-reaching significance.

 

Panel of the first session of the “Is Hong Kong still irreplaceable?” seminar on the topic of “Capital Markets and Deal-Making” with Mr Tao Jingzhou (left) as moderator, and Mr Myles Seto (centre) and Mr Conrad Chan (right).

 

Panel of the second session of the “Is Hong Kong still irreplaceable?” seminar on the topic of “Commercial and Investment Dispute Resolution” with Mr Cao Lijun (first left) as moderator, and Ms Helen Tang (second left), Mr Edward Liu (second right) and Mr Ronald Sum (first right).

 


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