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Tuesday, July 17, 2018, 14:47
HK official promotes city as dispute resolution hub in NY
By chinadailyasia.com
Tuesday, July 17, 2018, 14:47 By chinadailyasia.com

Hong Kong Secretary for Justice Teresa Cheng speaks at a business luncheon co-hosted by the Hong Kong Economic and Trade Office in New York and the National Committee on US-China Relations in New York, July 16, 2018. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR)

HONG KONG – Secretary for Justice Teresa Cheng on Monday highlighted Hong Kong’s role as a global business and financial center and the importance of the rule of law in New York.

Cheng attended a roundtable discussion hosted by the Hong Kong Economic and Trade Office in New York and the Asia Society, and met Roger Juan Maldonado, president of New York City Bar Association.

She then addressed a business luncheon co-hosted by the office and the National Committee on US-China Relations which was attended by people from the legal profession and business sector.

READ MORE: Cheng outlines cross-border commercial dispute resolution

She briefed them on Hong Kong's strengths as an ideal hub for deal-making and dispute resolution in Asia under "one country, two systems."

Highlighting Hong Kong's common law system, judicial independence and legal profession, she pointed out that the city’s robust legal system provides the bedrock for its development as a commercial and financial hub in Asia.

Hong Kong will continue to provide a favorable trading and investment environment for its overseas partners and thrive as an ideal venue for deal making and dispute resolution with the dual advantages of "one country" and "two systems, she said.

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Hong Kong Secretary for Justice Teresa Cheng, left, joined a talk hosted by the International Chamber of Commerce on the latest trends in international dispute resolution in New York, July 16, 2018. Also pictured is the moderator of the talk, Nancy Thevenin, General Counsel of the United States Council for International Business. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR)

Afterwards, she joined a talk hosted by the International Chamber of Commerce on the latest trends in international dispute resolution, including the increasing popularity of using mediation in resolving commercial disputes.

She also met acting Consul General of the People's Republic of China in New York, Zhao Yumin.

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