A representative from Meicheng Mooncakes expressed frustration, noting that no laws prevent a Hong Kong-registered brand from manufacturing in Chinese mainland.
So HKIAC has handled more than 140 Applications for interim measures and the total amount of assets frozen in mainland China by mainland Chinese courts under this arrangement is around 3 billion U.S. dollars.
And just to provide a bit of context, in, say, mainland China right now, there is still no mechanism for or no express mechanism for a mainland Chinese court to grant interim relief in support of a foreign seated arbitration.
Meantime, an increasing number of listed companies on the Chinese mainland's A-share market are exploring dual listings in Hong Kong, aiming to expand their global presence and attract international investors.
When Koslov was asked his intentions he replied that he would like to be a schoolmaster somewhere in the interior, and from this intention he refused to be turned aside.
I think it's also a reflection of just how, like the extent of development that we've seen in mainland China and the opening up of the arbitration scene.