BVI, Cayman Islands or Bermuda companies listed or with
underlying operations in mainland China or Hong Kong can now take
advantage of an improved regime for the reciprocal enforcement of
judgments between the two jurisdictions.
The Mainland Judgments in Civil and Commercial Matters
(Reciprocal Enforcement) Ordinance (Cap 645)
(REO) has just come into force (29
January 2024) and will now apply to judgments obtained in either
mainland China or Hong Kong, replacing the old regime. For
companies who pursue cross-border litigation involving
counter-parties based in China or Hong Kong, this improved avenue
for the enforcement of judgments is of great interest.
Clients should be aware of the following three significant
changes brought about by the new regime:
