Education systems vary across different countries as do legal systems. Hong Kong follows a common law system while many countries along the Belt and Road follow a civil law or Islamic law structure. Although Hong Kong is renowned for its excellent professional services, does it mean there is no role for Hong Kong to play in this area?
This international law firm headquartered in Hong Kong has worked for clients from the Belt and Road countries and has set up a dedicated Belt and Road group. Legal services they provide include financing and dispute resolution.
Co-Chief Executive of the law firm Hayden Flinn says, “In many cases, the counterparties will be sovereign entities or connected with the local government, and that's one area where Hong Kong’s status really comes into play. Hong Kong can be an independent jurisdiction for the resolution of disputes.”
Hayden said Hong Kong has a lot of legal talent who possess professional knowledge and also understand China, and therefore are able to provide services for Belt and Road projects. Most of the countries along the Belt and Road are emerging economies which are more challenging than mature markets.
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