The new law is expected to overcome jurisdictional barriers and better promote business interactions in Mainland China and Hong Kong.

Key Points:

..Hong Kong recently passed a new law to enact a January 2019 arrangement (2019 Arrangement) to expand the scope of reciprocal recognition and enforcement of judgements between Mainland China and Hong Kong.

..Once the 2019 Arrangement becomes effective, monetary and non-monetary judgments in most civil and commercial disputes may be recognised and enforced between the two jurisdictions.

..Judgment creditors would be able to enforce their judgments against judgment debtors’ assets located in both the Mainland and Hong Kong.