International relations

Russian companies move legal battles to Hong Kong courts

Neutral jurisdiction with common law system attracts sanctions-hit businesses

20230803 Hong Kong Urban Skyline

Lawyers in Hong Kong say the city is increasingly popular with Russian companies seeking arbitration services. (Photo by Kenji Kawase) 

PAK YIU and ECHO WONG, Nikkei staff writers
August 3, 2023 14:55 JST

HONG KONG -- Russian companies are turning to Hong Kong for dispute arbitration services as sanctions over the Ukraine war restrict their access to Western courts.

Lawyers in the city say Russian companies are also increasingly adopting Hong Kong's governing law in their commercial contracts for similar reasons.

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