India Clears Obstacle to Enforcement of Mainland China and Hong Kong Arbitral Awards by Notifying China as New York Convention Territory
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Key takeaways:
- The Indian Ministry of Law and Justice has declared the People’s Republic of China (including Hong Kong and Macau) to be a territory to which the New York Convention applies.
- This development removes a significant obstacle to the enforcement of Mainland China and Hong Kong arbitral awards in India, and it should transform Hong Kong in particular into a credible and attractive arbitral seat for disputes involving Indian parties.