Resolve2Win campaign debuts in Bangkok, promoting Hong Kong’s legal services

Mar 18, 2023 | Business

To consolidate Hong Kong’s strategic position as a centre for international legal and dispute resolution services in the Asia-Pacific under the National 14th Five Year Plan, the Department of Justice (DoJ) of the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council (HKTDC) are organising the Resolve2Win – Legal Services of Hong Kong, Opportunities for All campaign (Resolve2Win). The signature promotion in the Association of Southeast Asian Nations (ASEAN) and Guangdong-Hong Kong-Macao Greater Bay Area (GBA) for Hong Kong’s legal and dispute resolution services debuted with a delegation visit to Bangkok, Thailand on 15 to 17 March. Mr Horace Cheung, Deputy Secretary for Justice, led nearly 30 representatives from Hong Kong’s legal sector in face-to-face talks with Thai legal and business representatives to promote the advantages of Hong Kong legal services, encourage collaboration between Hong Kong and Thailand and seize opportunities in the region.
Encouraging Thai businesses to choose Hong Kong as a platform

The promotion visit aimed to let Thai businesses understand the unique advantages of Hong Kong legal services more comprehensively, raising awareness on resolving commercial disputes through arbitration and mediation, while encouraging them to choose Hong Kong as their preferred trade and dispute resolution platform and help Hong Kong legal professionals seize opportunities and develop business in Thailand. Legal groups from Hong Kong and Thailand responded proactively. The Hong Kong Bar Association, Law Society of Hong Kong, Thailand Arbitration Center and Thai Branch of Chartered Institute of Arbitrators are supporting organisations.

At the plenary session – Hong Kong as a Deal Making and Dispute Resolution Hub – Mr Cheung and Dr Patrick Lau, Deputy Executive Director of the HKTDC, were officiating guests. In his welcome remarks, Dr Lau said: “Hong Kong has a large, well-established legal sector full of professionals well-versed in legal systems across the world, making the city the perfect choice for anyone seeking legal services. As business links grow between ASEAN countries and Mainland China, particularly the Greater Bay Area, disputes are bound to arise. All parties would agree that arbitration and mediation is a better approach than litigation. In today’s forum, we will find out how businesses in Thailand, ASEAN and Mainland China can use Hong Kong as a dispute-resolution platform.”

Highlighting the unique opportunities offered by Hong Kong as the only common law jurisdiction within China under “one country, two systems”, Mr Cheung pointed out that national strategies – including the 14th Five-Year Plan, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Development and the Belt and Road Initiative – had injected continuous impetus to the growth of Hong Kong and brought opportunities to ASEAN member states.

He further said that as the leading legal and dispute resolution services centre in the Asia-Pacific, Hong Kong had a strong pool of legal talents, particularly in dispute resolution services. He encouraged enterprises and talents to capitalise on Hong Kong’s unique advantages of enjoying the strong support of the motherland and being closely connected to the world under “one country, two systems” to tap into development opportunities in the GBA and beyond.

Mr Cheung reiterated that the National Security Law had provided stability and a secure environment to enterprises and investors, which was conducive for both local and international businesses in Hong Kong to flourish.

The plenary session was hosted by Mr Jose Maurellet, Senior Counsel, Des Voeux Chambers, Vice-Chairman of Hong Kong Bar Association, with panelists Ms Winnie Tam, SBS, SC, JP, Senior Counsel, Des Voeux Chambers and Mr Tommy Tong, Partner, Herbert Smith Freehills LLP. The speakers shed light on Hong Kong’s advantages in corporate and commercial legal services and illustrated why Hong Kong was an effective arbitration and mediation platform for resolving commercial disputes. They also provided practical tips for Thai businesses to handle cross-border commercial disputes, especially when Mainland Chinese parties were involved.

The next session, Mediate First Pledge, featured speakers Mr Rimsky Yuen, Chairman, Hong Kong Mediation Accreditation Association Limited, and Ms Ereblinda Sadiku, Legal Counsel, Thailand Arbitration Center. They focused on the flexibility and other advantages of mediation for dispute resolution. More than 10 Thai companies confirmed their willingness to deploy mediation before turning to other resolution methods, including litigation. The HKTDC also arranged a luncheon and interaction session where more than 200 legal representatives from Hong Kong and legal and business sectors from Thailand conducted in-depth discussions on the story in Hong Kong.

Networking for Hong Kong legal practitioners and Thai businesses

During the three-day trip, the Hong Kong legal delegation paid a courtesy visit to legal and business groups, including Thai-Chinese Chamber of Commerce, Thailand Arbitration Center and Lawyers Council of Thailand to discuss potential collaboration.

After the Resolve2Win Campaign launch in Thailand, the HKTDC will continue to work with DoJ. The campaign will promote legal and dispute resolution services of Hong Kong in the GBA early next year, showcasing the robust legal system, solid foundation of the rule of law and diversified legal and dispute resolution services in Hong Kong while helping to better understand the views of mainland stakeholders and their needs towards Hong Kong’s legal and dispute resolution services.

Photo download: http://bit.ly/3LyOXfB

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Media Enquiries
Please contact the HKTDC’s Communication and Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org


Topic: Press release summary

Resolve Cotton Pricing issue in the spirit of Collaboration rather than competition.- Shri Piyush Goyal speaks to Textile Industry players;

Nov 18, 2021 | Business

“Resolve Cotton Pricing issue in the spirit of Collaboration rather than competition,” said Shri Piyush Goyal, Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, while speaking to Textile Industry players in a meeting, here today. He asked the Textile Industry leaders not to push Government to intervene. 

Shri Goyal cautioned the cotton bale traders from manipulation of prices or do  hoarding to make unfair profits.The Minister further stated that manufacturing sectors should not depend on Government support for growth. Too much dependence of State support is not healthy for the robust growth of the sector. The  Minister was intervening to resolve issues regarding cotton yarn prices between cotton yarn manufacturers and down stream Textile industry.

He said that Farmers interests is being taken care off for the first time as they are now getting better cotton prices supported by very good base MSP. Pricing issue of cotton bales and yarn for the Industry should not be allowed  in any way to impact the better prices which farmers are getting, he added.

Shri Goyal said that idea of short term Super normal profits by a section of players in Textile value chain is not sustainable. “No one should force the Government to intervene. Let free and fair  market forces play out .Super normal profits should not be booked for short term goals”, he said.

The Minister further mentioned   that whole value chain gets adversely impacted even if one section  gets weak. Aatma Nirbhar bharat applies to every one in value chain. All must get benefitted and all must grow. He said that  Cotton bale and yarn prices need to be such that all get benefitted . He exhorted that all stake holders in Textile Value chain need to support each other for long term sustainable growth.

Shri Goyal cautioned the cotton bale traders from manipulation of prices or do any hoarding to make unfair profits. The Minister added that reasonable profits are good and acceptable but undue advantage can not be allowed to be taken by any one value chain.  He also  said that no one   would be allowed to come in the way of better cotton prices to Farmers.

It may be noted that cotton production is estimated at 362.18 lakh bales. The cotton season 2021-22 commenced with an estimated carry over stock of 73.20 lakh bales (COCPC meeting dated 12.11.2021). Opening stock in the country is adequate to meet about two and half month’s mills consumption.  Cotton prices are ruling above MSP level by about 40% i.e. Rs.8500 per quintal as against MSP rate of Rs.6,025/ -per quintal. Farmers are getting reasonably good prices for their produce which is in tandem with other agri-commodities as well.

World cotton acreage is expected to increase by 4% to 33.27 million hectare as against 31.97 million hectare of last year. Whereas world cotton production is projected to increase by 6% to 1512 lakh bales (25.72 MMT) as against 1426 Lakh bales (24.26 MMT) of last year and world cotton consumption is expected to increase by 2% to 1530 lakh bales (26.01 MMT) as against 1505 lakh bales (25.60 MMT) of last year.

Earlier also, Shri Goyal  held a review meeting of Cotton Corporation of India (CCI)  to  discuss ways to strengthen procurement processes to further support livelihoods of our cotton farmers.

Minister of State for Textiles and Railways, Smt. Darshna Jardosh, Shri U.P. Singh, Secretary    Textiles, Shri Pradeep Agarwal, CMD, CCI and senior officials of CCI, Textiles industry players and exporters  participated in the meeting. 

CCI is appointed as a Central Nodal Agency under Ministry of Textiles for undertaking Minimum Support Prices (MSP) operations for cotton. It safeguards the economic interest of cotton farmers,  ensures the benefit of MSP to bonafide cotton farmers and undertakes MSP Operations in the event prices of Fair Average Quality (FAQ) grade kapas fall below the MSP level.

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Resolve is everything!

Jul 7, 2021 | Business

NY, USA, 7 July 2021, ZEXPRWIRE, To get to the top of one’s trade, it takes a lot of patience, devotion, and hard work, and it takes just as much to stay there. Take Siddhartha Vadlamudi for instance, a hugely successful IT professional of Indian origin in the US. It was only because of his tenacity and commitment that he achieved great success.

                

For over 7 years, Siddhartha has been on the top of his game and a noteworthy leader in the AI, IoTand ML space.He is widely appreciated and respected among the US IT community for his contributions to Xandr as a Software Engineer IIand to some of the most revered fortune 500 companies such as American Express, AT&T and Comcast.He is a passionate researcher who has been published in some of the most prestigious journals to contribute to the overall development of fields such as Artificial Intelligence, Machine Learning and Internet of Things.

Siddhartha was born in an impoverished family, in a remote exurban neighbourhood of Vijayawada in the Indian state of Andhra Pradesh. He was raised by a single mother as he lost his father in a catastrophic incident before heeven turned one year old. By the time he turned three, he was diagnosed with a severe kidney infection that required frequent hospitalization. Raising two children and taking care ofdisproportionate medical needs of a child required a lot of money, something that was a little too scarce in the family, to say the least. He even acquired a long-lasting health condition which made his immune system very weak, leaving him vulnerable to chronic infections which took him a decade to recuperate.

But Siddhartha’s mother is a strong-willed and resolute womanwho refused to surrender to fate. She made every effort to ensure a bright future for her children. It is from her that Siddhartha draws his inspiration to overcome all setbacks and to successfully achieve the defined goals no matter what. She played an instrumental role in Siddhartha’s success both as a professional and as a virtuous human being. She ensured that nothing came in the way of her children’s victory.

Siddharthafollowed his inner calling and discovered his proficiency and dexterity in the field of IT. He holds a B tech. degree in Electronics and Computer Engineering from Prasad V. Potluri Siddhartha Institute of Technology, Vijayawada, Andhra Pradesh.After exhaustive evaluation of long- and short-term career goals, he was determined to move to the US and thus, initiated the immigration process right when he enrolled for his UG programme. By the time he completed his B. Tech, he received the entry documents but the total cost of relocation was huge. Once again, his mother gave him the much-needed courage and motivation along with all of her life’s savings and the moneyshe arranged by mortgaging their ancestral house.

Siddhartha arrived in the US with a vision to avail life changing opportunities that are abundantly available there. He wanted to work as hard as he could and become so successful that the ghosts of his impoverishedpast couldn’t haunt his family ever.To further sharpen his sword, he obtained an M.S degree in Computer Engineering from the University of North Texas. He also took numerous courses in in Pattern Recognition, Database Systems, Computer Algorithms, etc. to make him employment ready in the AI and ML fields.

Today, Siddhartha has made an indelible mark in the fraternity of the most talented scholars and IT professionals in the US.Clients admire Siddhartha’s dedication, hands-on expertise, exceptional negotiating abilities, unrivalled insider knowledge, and global network, among other qualities. When he is not busy working, he loves to mentor new talent and assists them in navigating through entanglement and intricacies of the field. He believes that helping someone might not change the world, but it will surely change the world for that person and a kind gesture always finds its way back.

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http://linkedin.com/in/siddhartha-v-58b006210