In the context of legal risk management, Hong Kong is well positioned to provide a wide spectrum of services for corporations from different jurisdictions, including companies from Indonesia and other economies of the Association of Southeast Asian Nations (ASEAN) seeking to expand their markets overseas and, in particular, in the Mainland, the Secretary for Justice, Mr Rimsky Yuen, SC, said today (September 17).
Mr Yuen was addressing the opening of the seminar on "Legal and Dispute Resolution: Key for International Trade" in Jakarta, Indonesia, this afternoon. The seminar is one of the thematic sessions of "In Style.Hong Kong" organised by the Hong Kong Trade Development Council.
Mr Yuen said that Hong Kong, as a leading international legal and dispute resolution services centre in the Asia Pacific region, can come in handy for Indonesia amidst its rapid economic growth and increasing international trade.
He highlighted five key features that underpin Hong Kong's unique position, namely the rule of law, unique Mainland advantages, a robust legal system, world-class arbitration institutions and diversified mediation services.
Mr Yuen pointed out that Hong Kong is second to none if Indonesian companies are looking for an ideal legal hub with a strong base of and extensive connections with international law firms, providing a holistic and cost-effective approach to the provision of legal services to companies doing cross-border or international trade.
"We welcome you to use the Hong Kong platform to achieve expansion to the international market as well as to enter the Mainland market. We also look forward to joining hands with Indonesia to foster an even closer economic co-operation, and to jointly make contributions to create a sustainably prosperous ASEAN market," he said.
Mr Yuen is leading a delegation of legal and arbitration professionals to visit Jakarta to promote Hong Kong's legal and dispute resolutions services. The delegation includes representatives from the Law Society of Hong Kong, the Hong Kong Bar Association, the Secretariat of the International Court of Arbitration of the International Chamber of Commerce (Asia Office), the China International Economic and Trade Arbitration Commission Hong Kong Arbitration Center, the Hong Kong Institute of Arbitrators, and the Chartered Institute of Arbitrators (East Asia Branch).
They met with representatives of a number of Indonesian arbitration and mediation organisations this morning to enhance exchanges and co-operation between Hong Kong and Indonesia.
Before returning to Hong Kong tomorrow (September 18) afternoon, Mr Yuen and some delegation members will meet with the Indonesian Attorney General, Mr H M Prasetyo, and the Minister of Law and Human Rights, Mr Yasonna Laoly, to discuss issues of mutual concern.
Ends/Thursday, Sep 17, 2015