Business
Companies consider writing Hong Kong out of legal contracts – The Australian Financial Review
Law firms in Asia have seen a surge in queries from large clients, mostly American and Japanese, about whether to write Hong Kong out of governing law and arbitration…
Yoshimasa Furuta, a senior partner at Anderson, Mori & Tomotsune, one of Japans big four law firms, said: For Japanese clients who have always had some concerns about arbitration in China, the questions are becoming more acute with respect to Hong Kong. We are now getting Japanese companies directly asking us whether we think it is safe to use Hong Kong as a seat of arbitration.
He added that clients drawing up contracts especially on a 10-20-year horizon are increasingly thinking about alternative…
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