Hong Kong has published its long-awaited Code of Practice for third party funders, and announced that amendments to the Arbitration Ordinance which permit funding of Hong Kong arbitrations will come fully into force on 1 February 2019. Similar amendments to the Mediation Ordinance (Cap. 620) have been deferred for further consultation.
The Code of Practice was gazetted on 7 December 2018. The full text is available here.
See our earlier post for more background on the law.
We will post again shortly with further comment and analysis of the Code of Practice.