Hong Kong:
Hong Kong Funding Law To Take Effect 1 February
13 December 2018
Herbert Smith Freehills
To print this article, all you need is to be registered or login on Mondaq.com.
Hong Kong has published its long-awaited Code of Practice for
third party funders, and announced that amendments to the
Arbitration Ordinance which permit funding of Hong Kong
arbitrations will come fully into force on 1 February 2019. Similar
amendments to the Mediation Ordinance (Cap. 620) have been deferred
for further consultation.
The Code of Practice was gazetted on 7 December 2018. The full
text is available here.
See our earlier
post for more background on the law.
We will post again shortly with further comment and analysis of
the Code of Practice.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Litigation, Mediation & Arbitration from Hong Kong
ICLG – International Arbitration 2023
Patrikios Pavlou & Associates
Firstly, there are two laws governing arbitration proceedings in Cyprus: domestic arbitration proceedings are governed by the Arbitration Law of 1944, Cap. 4 (hereinafter "Cap. 4")...
PRC Adopts Commercial Exception To State Immunity
Herbert Smith Freehills
The PRC has passed a new law which will apply the "restrictive" approach to foreign state immunity with effect from 1 January 2024. As a result, foreign states will not be granted immunity from suit or execution...