Hong Kong's new FDRC

Hong Kong launched a new Financial Dispute Resolution Centre in June 2012.  Having lived through the extreme dislocation of the Lehman mini-bonds, the Hong Kong Government was keen to ensure an ADR option for the city's many small investors.  The FDRC will run a stepped process of mediation and then arbitration for investor claims of HKD500,000 or less. It is early days, however, the FDRC has been making great efforts to enhance public awareness and has commenced a publicity campaign with posters all through the MTR (Mass Transit Railway) and the mode of transport for many Hong Kong people.  Time will tell whether Hong Kong's investors are willing to try ADR for their financial disputes.



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