Tuesday , August 21 2018

DIFC Courts’ new Hong Kong deal to foster investor trust

DUBAI / WAM

Another major step towards connecting with China’s leading dispute resolution centres was taken by the Dubai International Financial Centre Courts through the singing of a Memorandum of Guidance (MoG) with the High Court of the Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong High Court).
Devised as a practical mechanism to foster investor confidence and legal certainty, the MoG will serve as technical guide for the international legal and business communities on recognition and collection of money judgments in DIFC and Hong Kong.
Last year, trade between the UAE and Hong Kong alone totaled $10.87 billion, up from $10.59 billion in 2016.

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