Hong Kong has seen a huge jump in dispute resolution cases involving parties from nations covered by China’s global trade strategy Eric Ng UPDATED : Sunday, 3 Jun 2018, 9:08AM Ten years ago China National Machinery Industry Corporation (Sinomach), one of the country’s largest international engineering contractors, found itself in hot water in the Philippines when the government suddenly scrapped a US$1 billion railway project just as construction was about to start. It was not until late last year that the matter was settled out of court after arbitration proceedings in Hong Kong, initiated by Sinomach in 2012 as they sought US$100 million in costs and damages. Work on the 80-kilometre rail link that promises to more than halve the travel time between the capital, Manila, and Clark in Central Luzon, could finally begin, albeit at an estimated cost that had by now spiralled to US$4.9 billion. The project, which had stalled because of legal questions over the contracts and allegatio
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