| Mainland, Macao sign pact to facilitate enforcement of arbitration |
| 2007-10-31 05:50 |
| From:Xinhua Article type:Reproduced |
BEIJING -- The Chinese mainland and Macao Special Administrative Region (MSAR) signed a pact here Tuesday to make judgments by each other's arbitration authorities mutually legal and enforceable. Huang Songyou, vice president of the Supreme People' s Court, signed the arrangement on reciprocal recognition and enforcement of arbitration judgment with Forinda da Rosa Silva Chan, Secretary for Administration and Justice of MSAR. "This is another example of progress in the field of judicial cooperation between the two sides," Huang said. Economic relations between the mainland and Macao have been much closer thanks to the Mainland and Macao Closer Economic Partnership Arrangement signed in 2003. There have been increasing business conflicts involved parties from both sides but no legal document covers judicial cooperation on arbitration, Huang said. "Such a pact is in urgent need," he said. The two sides started to talk about the pact in September 2006. According to the agreement, the judgement made by the arbitration authorities in Macao is legal in the mainland and vice versa. If a judgment made by the arbitration authority in Macao involves properties in the mainland, it will be enforced after the local court in the mainland accepts the application of enforcement and vice versa, the agreement said. The agreement will be applied on all judgments made after Dec. 20, 1999 when the MSAR was established. The mainland and Macao have signed several judicial pacts, entrusting each other's courts to deliver court orders and collect evidences for civil and commercial cases and mutually recognizing and enforcing judgments in civil and commercial matters. "We expect the pact to protect the legal interests and rights of people from both sides and help maintain the long-term peace and prosperity of Macao," Huang said. The pact will also lay the foundation for further judicial cooperation, he said. The mainland has already signed similar pacts with Hong Kong Special Administrative Region. |
| (Source: English Site of Department of Information Technology) |
 | Guangzhou: Foreigners required to declare tax 2007-10-31 05:50 |
| Pilot area set to boost opening-up in Jilin 2007-10-31 05:44 |
| Baosteel profit growth falls 50% 2007-10-31 05:44 |
| Commentary: U.S. benefits from service trade with China 2007-10-31 05:43 |
| PetroChina opts for top of range 2007-10-31 05:43 |
| Ministry to take 35% stake in rail group 2007-10-31 05:41 |
| Ambassador: China's growth brings opportunities 2007-10-31 05:40 |
| Ministry of Commerce announced the third agency of pigs-for-Hong Kong 2007-10-30 13:33 |
| Forum on China-Vietnam Investment Operation held in Nanning 2007-10-30 09:50 |
| The 10th session of China-Australia FTA talks held 2007-10-30 09:01 |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
