apply.
Thus,
not
only
are
arrangements
present
international
inadequate, they need to be recast in a form
suitable to continue in force after 1997.
Need for bilateral agreements
8.
to
The best way to meet these needs is for Hong Kong
enter into reciprocal arrangements with other
jurisdictions. In this connection, both Section III of
Annex I to the Joint Declaration and Article 96 of the
Basic Law envisage the making of such arrangements with
relevant countries after 1997. Under these reciprocal
arrangements a judgment obtained in one jurisdiction could
be registered in the other jurisdiction and then enforced
as if it had been obtained there. In the case of Hong Kong
this would not involve any substantial amendment to local
legislation already in place, namely the Reciprocal
Enforcement of Foreign Judgments Ordinance (Cap 319).
9.
It is important that reciprocal arrangements
should be based on bilateral agreements so that compliance
and continuity are guaranteed. In addition, because
bilateral agreements would be based on a Model Agreement
consistency would be assured.
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