HKGCC Seminar: New Agreement helps to mitigate risks of doing business in China

The development of mutual legal assistance between HK and China helps to build a more sophisticated mechanism. The Agreement signed on January 18th 2019 has positive impacts on HK traders and foreign investors because Hong Kong judgment could be enforced in China, and vice versa. The Consultant of iQor Receivable Management Services (HK) Ltd (RMS) Mr. Norris Chan and the Partner of Beijing Yingke Law Firm Ms. Su Ping were cordially invited by Hong Kong General Chamber of Commerce (HKGCC) to hold a seminar on June 20 to analyze how to enforce Hong Kong Judgment in China to mitigate risks of doing business in the Mainland.

Make Use of 2019 New Agreement:
Enforce Hong Kong Judgments in Mainland China
to Mitigate Risks of Doing Business in the Mainland

​Legal assistance between Hong Kong and Mainland China has become more and more extensive in recent years. Signed on 18 January 2019, the "Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and Commercial Matters by the Courts of the Mainland and of the Hong Kong Special Administrative Region" enables judgments made in Hong Kong to be enforced in Mainland China. Henceforth, by understanding the Mainland's litigation process and legal system, Hong Kong businessmen and foreign investors could leverage this new agreement to mitigate default risks and to protect the businesses when encountering commercial disputes. In this seminar, the speakers will share notable issues relevant to this new agreement when trading and doing business in Mainland China.

Outline

• 2019 New Agreement: "Arrangement on Reciprocal Recognition and Enforcement of Judgments in Civil and Commercial Matters by the Courts of the Mainland and of the Hong Kong Special Administrative Region"
  

1. Covers both monetary and non-monetary reliefs
2. Excludes judgments on corporate insolvency, debt restructuring, and personal insolvency
3. Skips the process to re-litigate cases; saves time and legal costs 

• Common mistakes in drafting a contract 
  

1. Missing official company/corporate seal 
   
2. Signature not by an authorized agent or representative 
   
3. Unclear delivery location, delivery method and/or service scopes 
   
4. Resolution causes of indemnification, breach of contract and contract dispute 
   

• How could creditors protect their own rights and interests? 
  

1. Ways to extend the statute of limitation 
   

• Assets search and enforcement procedure in China

Speakers
Norris Chan, Consultant, Receivable Management Services (HK) Ltd
Norris Chan has over 30 years of hands-on experience in the debt collection industry. As a veteran debt receivable practitioner, Chan and his team have managed portfolios exceeding billions of US dollars. He is a popular speaker and has conducted over a thousand seminars in Greater China.

Su Ping, Partner, Beijing Yingke Law Firm Guangzhou Office
Beijing Yingke Law Firm is one of the leading law firms in Asia, with 51 branch offices and over 6,000 lawyers in China. Su has 13 years of legal experience in litigation and arbitration, real estate and land acquisition, bank and non-performing loans. She also serves as the legal adviser for many organizations, Chinese banks and listed companies.

Language
Cantonese

Date and Time
20 June 2019 (15:00 to 17:30)
​
Contact
Ms. Lau 22018296 / wing.lau@iqor.com

Fee
Booking through RMS only HK$380 per person

Venue
HKGCC Chamber Theatre
22/F United Centre

Download Booking Form 

HKGCC_Booking_Form_20Jun2019.pdf
File Size:	238 kb
File Type:	pdf

Download File

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