eBRAM launches Deal-making Portal to aid SMEs on cross-border transactions 16 organisations vow to promote Hong Kong’s Deal-making hub role
14 December 2023
(Hong Kong, 14 December 2023) eBRAM International Online Dispute Resolution Centre (“eBRAM”) held the official launch of the Deal-making Portal (“DMP”) today with the support of 15 Strategic Partners, and one Supporting Organisation vowed to promote Hong Kong’s advantages to consolidate its role as an ideal deal-making hub.
eBRAM has developed an inclusive online deal-making platform, in line with the National 14th Five-Year Plan and the digital economy. This platform is designed to facilitate enterprises, particularly SMEs, seeking to expand their horizons and explore new opportunities through a secure, end-to-end, and accessible avenue. It also provides access to a range of professional services, such as legal, accounting, and tax advisory support, to address any potential challenges that may arise during cross-border transactions.
Speaking at the launch ceremony, Dr Thomas So JP, the Chairman of eBRAM, thanked the Department of Justice, Strategic Partners and Supporting Organisations for their support of the DMP and said that “Hong Kong's geographical advantages, world-class professionals, free economic system, and sound rule of law foundation make it a unique place to serve as a Super Connector, a Super Value-adder, a Value Creator and also a Deal-maker. As a pioneer in LawTech, eBRAM is committed to supporting the work of the legal and dispute resolution industry by using technology and creating a safe, secure and cost-effective platform to facilitate transactions. In designing the platform, eBRAM considered the needs of professional service providers and hoped that they could use the platform to connect with their counterparts in the Mainland and around the world and facilitate collaboration.”
eBRAM Vice Chairman and Deal-making Working Group Chairman Mr Ronald Sum JP noted that “this initiative represents a significant step forward in supporting the growth and development of local businesses and professional services, which would benefit the long-term economic development. As such, we are excited to work with chambers of commerce and professional bodies to contribute to strengthening Hong Kong's status as an international financial and legal services centre.”
In terms of the development of dispute resolution, Dr So shared that eBRAM has signed a memorandum of understanding with five dispute resolution institutions in the Greater Bay Area (“GBA”) to jointly establish a collaborative platform to provide an avenue for information exchange and collaboration, with an aspiration to extend the initiative to cover the whole GBA.
About the DMP -
Designed to facilitate cross-border transactions, the DMP is equipped with functions such as a directory of business organisations, deal flow management, legally binding e-signature services, and e-signatures with mutual recognition certificates applicable to transactions with Mainland companies.
eBRAM DMP Strategic Partner:
Asian Academy of International Law (Founder Member)
Hong Kong Bar Association (Founder Member)
The Law Society of Hong Kong (Founder Member)
Association of China-Appointed Attesting Officers Limited
Certizen Technology Limited
China Legal Service (HK) Ltd.
Chinese General Chamber of Commerce, Hong Kong
Hong Kong Coalition of Professional Services
Hong Kong Cyberport Management Limited
Hong Kong Institute of Certified Public Accountants
Hong Kong Science & Technology Parks Corporation
Hong Kong Trade Development Council
Logistics and Supply Chain MultiTech R&D Centre
Society of Chinese Accountants and Auditors
Taxation Institute of Hong Kong
Hong Kong General Chamber of Commerce
eBRAM International Online Dispute Resolution Centre Limited (“eBRAM”) is committed to enhancing Hong Kong’s arbitration and mediation services while building capacity to meet the growing demand for online dispute resolution and deal-making services across borders. eBRAM achieves this by leveraging innovative technologies, such as artificial intelligence, blockchain and cloud.
Our primary objective is to establish Hong Kong as centre for LawTech and for international dispute resolution. To accomplish this goal, eBRAM actively collaborates with global organisations and participating economies, including the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), Belt-and-Road countries and others.At eBRAM, we prioritise cybersecurity and data privacy, and take every necessary measure to ensure the security of information during its transfer and storage on our platform. Safeguarding the privacy and confidentiality of user information is of utmost importance to us.