TT Talk - Hong Kong and China agree on mutual enforcement of judgments
On 14 July 2006, the People's Republic of China ("PRC") and the Hong Kong Special Administrative Region ("HKSAR") signed an arrangement on reciprocal recognition and enforcement of each other's judgments in civil and commercial matters ("the Arrangement"). Under the arrangement, a party who has obtained a court judgment in civil and commercial matters in HKSAR may apply to a court in the PRC for recognition and enforcement of that judgment and vice-versa. There is currently no such mechanism in place and it is hoped that the arrangement will fill the void.
Essentially the diversion of a payment, mandate fraud is a long standing practice, the existence of which has been exposed in recent years due to a number of high profile cases as well as the proliferation of the use of the internet to facilitate payments.
Implementation of Directive (EU) 2015/719 on 7 May 2017 emphasises the need for correct weight information in the freight supply chain and potentially clarifies apportionment of liability.
The latest coronavirus outbreak in 2019 has had a wide and profound impact on citizens of a growing number of countries across the globe. The effects of the outbreak has witnessed disruption to many normal business operations in many countries. Even short periods of interruption to the manufacturing industry will inevitably give rise to various challenges through the international supply chain.
