Arbitration is a new fast-growing trend picking up in different
jurisdictions with obvious advantages such as international and
amicable resolutions at a lower price. Hong Kong is one of the most
popular arbitration seats in Asia, which hears international cases
for dispute resolution regularly. On the 2nd of April
2019, the courts saw a momentous milestone when the Hong Kong
Government signed an agreement that came to be known as Arrangement
concerning Mutual Assistance in Court-ordered Interim Measures in
Aid of Arbitral Proceedings by the Courts of Mainland and the
HKSAR. This was passed to enable Hong Kong to have an agreement
with the People's Republic Court (PRC) of China for temporary
help with arbitration. Before this Agreement, PRC could not grant
such interim help to other jurisdictions, thus making Hong Kong the
first jurisdiction outside Mainland China to benefit from this new
aid.
