Does local law allow for a choice of governing law?
Frequency/market practice: Yes
What is the common governing law?
Frequency/market practice: Hong Kong law is the most common governing law, but the law of other common law jurisdictions, e.g., English law, are sometimes used as well.
Is litigation or arbitration more common? If arbitration, where?
Frequency/market practice: Arbitration is more common. Hong Kong International Arbitration Centre is predominantly chosen but will typically carve out court or administrative action (e.g., injunction).
