News

Intellectual property to be added to Hong Kong-China deal allowing mutual recognition of court rulings


Hong Kong is seeking to add intellectual property matters to a deal with mainland China that recognises and enforces judgements in civil and commercial cases on both sides of the border. The arrangement effectively allows successful parties to seek damages in both jurisdictions.

Photo: GovHK.

“This major breakthrough makes Hong Kong the first jurisdiction to have an arrangement with the Mainland on [recognition and enforcement of judgement] with such a wide coverage, reflecting the unique advantages of ‘one country, two systems’, and complementing Hong Kong’s development into a regional intellectual property trading centre,” the Department of Justice wrote in a press release on Wednesday.

The amendment to the Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Bill will be introduced to the Legislative Council on May 4.

Source link

Leave a Reply

Your email address will not be published.