Hong Kong Construction Sector Bill Submission for Regulating Contracts and Improving Dispute Resolution
Thursday, 16 May 2024, 15:06
Overview
The Hong Kong government is taking steps to introduce a construction sector bill to address crucial aspects of contract management and dispute resolution within the industry.
Regulating Contracts
- Enhancing transparency in contractual agreements
- Setting guidelines for fair practices and obligations
Speeding Up Adjudication
- Implementing measures for timely resolution of financial disputes
- Ensuring efficient handling of legal matters
These initiatives underscore the significance of streamlining processes and promoting accountability, benefiting both contractors and subcontractors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.