New Ordinance on CISG – Updates on Hong Kong’s Law on International Sale of Goods
The Sale of Goods (United Nations Convention) Ordinance (‘New Ordinance’), which implements the United Nations Convention on Contracts for the International Sale of Goods (CISG) in Hong Kong, was enacted on 29 September 2021. Subject to completion of the relevant process under Article 153 of the Basic Law as well as requisite formal notification by the Central People’s Government to the Secretary-General of the United Nations (as depositary for the CISG) for applying the CISG to the HKSAR, the Convention is expected to apply to the HKSAR with effect in around the third quarter of 2022, tying in with the commencement date of the Ordinance. CISG provides uniform rules to govern contracts for international sales of goods, with a view to removing legal barriers and promoting the development of international trade. More than half of Hong Kong’s top 20 trading partners by total volume of trade (including Mainland China, USA and Japan) and nearly half of the total number of countries in the world are parties to CISG. To help legal practitioners familiarise with the latest development, this webinar is to give an introduction of the New Ordinance and CISG, including their background as well as certain salient features.
24 January 2022 (Monday)