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Electric car supply key to transition

(To watch the full press conference with sign language interpretation, click here.)   The roadmap on the popularisation of electric vehicles to be announced next month will be a clear signal for car manufacturers and suppliers to prepare for the transition by increasing supply, Secretary for the Environment KS Wong said today.   At a press conference on the 2021-22 Budget initiatives this morning, Mr Wong pointed out that Hong Kong's target of phasing out conventional petrol private cars in 2035 or earlier was progressive.   “Regarding the phasing out of conventional private vehicles, our target is actually the most progressive in Asia, you have to understand that. And our target is that we would like to set the target of 2035 as the deadline.”   He noted that a good supply of electric vehicles in the private car industry will be a key factor during the transition.   "The meaning of that 2035 is to set a clear signal to car manufacturers and suppliers to Hong Kong th

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Arbitration law changes proposed

The Government will introduce legislative amendments to the Arbitration Ordinance. The bill will be gazetted on February 19 and introduced into the Legislative Council on February 24.    The amendment aims to fully implement the Supplemental Arrangement Concerning Mutual Enforcement of Arbitral Awards between the Mainland and the Hong Kong Special Administrative Region signed between the Hong Kong SAR Government and the Supreme People's Court of the People's Republic of China last year.   The purpose of signing the supplemental arrangement is to bring it more fully in line with the current practice of international arbitration, including aligning the definition of the scope of arbitral awards with the prevalent international approach of "seat of arbitration" under the New York Convention.   It also allows parties to make simultaneous applications to both the courts of the Mainland and the Hong Kong SAR for enforcement of an arbitral award.   The Government noted that the implementation of the supplemental arrangement in full will be conducive to the promotion of the development of Hong Kong's legal and dispute resolution services.   It added that Hong Kong's status as an international legal hub for legal, deal-making and dispute resolution services will be further enhanced. 
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