Hong Kong's Common Law system and highly regarded stable of legal professionals makes it appealing as a financial hub.PHOTO: REUTERS
HONG KONG, July 23 (BLOOMBERG) - International companies are increasingly avoiding Hong Kong as a jurisdiction for settling disputes through arbitration, one of the clearest signs yet that China's tightening grip on the financial hub has eroded trust in its legal system.
Businesses are instead choosing rival hubs like Singapore, Paris and London, according to interviews with arbitration lawyers, a shift that has accelerated since the Chinese government bypassed Hong Kong's legislature to impose a sweeping national security law.
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