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Does the Sino-British Joint Declaration on Hong Kong's status contain any provisions as to what happens if one signatory is determined to be in breach of its terms? How enforceable in reality is the Joint Declaration in today's context?

In fact, the content of the Sino-British Joint Declaration only states some principles. How to interpret these principles is not stated in the Joint Declaration.Here is the full text of the Sino-British Joint StatementSino-British Joint Declaration - Wikisource, the free online library​ CHINA and UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND Joint Declaration on the question of Hong Kong (with annexes). Signed at Beijing on 19 December 1984 Authentic texts: Chinese and English. Registered by China and the United Kingdom of Great Britain and Northern Ireland on 12 June 1985. The Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the People's Republic of China have reviewed with satisfaction the friendly relations existing between the two Governments and peoples in recent years and agreed that a proper negotiated settlement of the question of Hong Kong, which is left over from the past, is conducive to the maintenance of the prosperity and stability of Hong Kong and to the further strengthening and development of the relations between the two countries on a new basis. To this end, they have, after talks between the delegations of the two Governments, agreed to declare as follows: 1. The Government of the People's Republic of China declares that to recover the Hong Kong area (including Hong Kong Island, Kowloon and the New Territories, hereinafter referred to as Hong Kong) is the common aspiration of the entire Chinese people, and that it has decided to resume the exercise of sovereignty over Hong Kong with effect from 1 July 1997. 2. The Government of the United Kingdom declares that it will restore Hong Kong to the People's Republic of China with effect from 1 July 1997. 3. The Government of the People's Republic of China declares that the basic policies of the People's Republic of China regarding Hong Kong are as follows: (1) Upholding national unity and territorial integrity and taking account of the history of Hong Kong and its realities, the People's Republic of China has decided to establish, in accordance with the provisions of Article 31 of the Constitution of the People's Republic of China, a Hong Kong Special Administrative Region upon resuming the exercise of sovereignty over Hong Kong. (2) The Hong Kong Special Administrative Region will be directly under the authority of the Central People's Government of the People's Republic of China. The Hong Kong Special Administrative Region will enjoy a high degree of autonomy, except in foreign and defence affairs which are the responsibilities of the Central People's Government. (3) The Hong Kong Special Administrative Region will be vested with executive, legislative and independent judicial power, including that of final adjudication. The laws currently in force in Hong Kong will remain basically unchanged. (4) The Government of the Hong Kong Special Administrative Region will be composed of local inhabitants. The chief executive will be appointed by the Central People's Government on the basis of the results of elections or consultations to be held locally. Principal officials will be nominated by the chief executive of the Hong Kong Special Administrative Region for appointment by the Central People's Government. Chinese ahttps://en.wikisource.org/wiki/Sino-British_Joint_DeclarationLooking at it, it does not contain what happens if a signatory violates its terms.This is because it is so abstract that the vast majority of the contents are open to different interpretations.The Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the People's Republic of China have reviewed with satisfaction the friendly relations existing between the two Governments and peoples in recent years and agreed that a proper negotiated settlement of the question of Hong Kong, which is left over from the past, is conducive to the maintenance of the prosperity and stability of Hong Kong and to the further strengthening and development of the relations between the two countries on a new basis. To this end, they have, after talks between the delegations of the two Governments, agreed to declare as follows:1. The Government of the People's Republic of China declares that to recover the Hong Kong area (including Hong Kong Island, Kowloon and the New Territories, hereinafter referred to as Hong Kong) is the common aspiration of the entire Chinese people, and that it has decided to resume the exercise of sovereignty over Hong Kong with effect from 1 July 1997.2. The Government of the United Kingdom declares that it will restore Hong Kong to the People's Republic of China with effect from 1 July 1997.3. The Government of the People's Republic of China declares that the basic policies of the People's Republic of China regarding Hong Kong are as follows:(1) Upholding national unity and territorial integrity and taking account of the history of Hong Kong and its realities, the People's Republic of China has decided to establish, in accordance with the provisions of Article 31 of the Constitution of the People's Republic of China, a Hong Kong Special Administrative Region upon resuming the exercise of sovereignty over Hong Kong.(2) The Hong Kong Special Administrative Region will be directly under the authority of the Central People's Government of the People's Republic of China. The Hong Kong Special Administrative Region will enjoy a high degree of autonomy, except in foreign and defence affairs which are the responsibilities of the Central People's Government.(3) The Hong Kong Special Administrative Region will be vested with executive, legislative and independent judicial power, including that of final adjudication. The laws currently in force in Hong Kong will remain basically unchanged.(4) The Government of the Hong Kong Special Administrative Region will be composed of local inhabitants. The chief executive will be appointed by the Central People's Government on the basis of the results of elections or consultations to be held locally. Principal officials will be nominated by the chief executive of the Hong Kong Special Administrative Region for appointment by the Central People's Government. Chinese and foreign nationals previously working in the public and police services in the government departments of Hong Kong may remain in employment. British and other foreign nationals may also be employed to serve as advisers or hold certain public posts in government departments of the Hong Kong Special Administrative Region.(5) The current social and economic systems in Hong Kong will remain unchanged, and so will the life-style. Rights and freedoms, including those of the person, of speech, of the press, of assembly, of association, of travel, of movement, of correspondence, of strike, of choice of occupation, of academic research and of religious belief will be ensured by law in the Hong Kong Special Administrative Region. Private property, ownership of enterprises, legitimate right of inheritance and foreign investment will be protected by law.(6) The Hong Kong Special Administrative Region will retain the status of a free port and a separate customs territory.(7) The Hong Kong Special Administrative Region will retain the status of an international financial centre, and its markets for foreign exchange, gold, securities and futures will continue. There will be free flow of capital. The Hong Kong dollar will continue to circulate and remain freely convertible.(8) The Hong Kong Special Administrative Region will have independent finances. The Central People's Government will not levy taxes on the Hong Kong Special Administrative Region.(9) The Hong Kong Special Administrative Region may establish mutually beneficial economic relations with the United Kingdom and other countries, whose economic interests in Hong Kong will be given due regard.(10) Using the name of "Hong Kong, China", the Hong Kong Special Administrative Region may on its own maintain and develop economic and cultural relations and conclude relevant agreements with states, regions and relevant international organisations.The Government of the Hong Kong Special Administrative Region may on its own issue travel documents for entry into and exit from Hong Kong.(11) The maintenance of public order in the Hong Kong Special Administrative Region will be the responsibility of the Government of the Hong Kong Special Administrative Region.(12) The above-stated basic policies of the People's Republic of China regarding Hong Kong and the elaboration of them in Annex I to this Joint Declaration will be stipulated, in a Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China, by the National People's Congress of the People's Republic of China, and they will remain unchanged for 50 years.4. The Government of the United Kingdom and the Government of the People's Republic of China declare that, during the transitional period between the date of the entry into force of this Joint Declaration and 30 June 1997, the Government of the United Kingdom will be responsible for the administration of Hong Kong with the object of maintaining and preserving its economic prosperity and social stability; and that the Government of the People's Republic of China will give its cooperation in this connection.5. The Government of the United Kingdom and the Government of the People's Republic of China declare that, in order to ensure a smooth transfer of government in 1997, and with a view to the effective implementation of this Joint Declaration, a Sino-British Joint Liaison Group will be set up when this Joint Declaration enters into force; and that it will be established and will function in accordance with the provisions of Annex II to this Joint Declaration.6. The Government of the United Kingdom and the Government of the People's Republic of China declare that land leases in Hong Kong and other related matters will be dealt with in accordance with the provisions of Annex III to this Joint Declaration.7. The Government of the United Kingdom and the Government of the People's Republic of China agree to implement the preceding declarations and the Annexes to this Joint Declaration.8. This Joint Declaration is subject to ratification and shall enter into force on the date of the exchange of instruments of ratification, which shall take place in Beijing before 30 June 1985. This Joint Declaration and its Annexes shall be equally binding.Done in duplicate at Beijing on 19 December 1984 in the English and Chinese languages, both texts being equally authentic.(Signed)(Signed)For the Government of the United Kingdom of Great Britain and Northern IrelandFor the Government of the People's Republic of China

What is the major limitation of blockchain technology?

What makes blockchain so important is that it enables four separate, new concepts, each of which is fundamentally disruptive in its own right. Taken together, the result is to open up an array of possibilities so vast that we are just beginning to explore its potential. Take a look at the four key concepts enabled by Blockchain technology as they might be applied to just one industry, real estate:An immutable database, updated by an unlimited number of contributors, not necessarily relying on the trust of any one party and with no single point of failure.Real estate is all about physical structures, on geographically specific pieces of property, divided into individual units, that are occupied by individuals or entities, pursuant to legal contracts, with all of the above changing over time. Each of these component pieces of the puzzle can be represented by data (structural plans, floor layouts, tenant credit records, leases or sales contracts, etc.) and the industry already supports a plethora of separate databases in each of these areas. Some are public, some are proprietary. Some are freely available, some are extremely expensive. Some are static, some are active. Possibilities abound for putting some or all of these databases onto a/the blockchain. Advantages could include permanence, ease of access/distribution, ease of manipulation, integration with contracts, standardized entries, and more.The ability to create, identify and manipulate specific, non-duplicable, digital objects.One of the core concepts of the digital world that all Internet users have internalized is that a digital copy is identical to an original. If I download a movie and make a copy for you, now we both have the movie. What has made the blockchain so revolutionary is that for the first time a digital object can be unique, and retain that uniqueness through a lifetime of use and exchange, all without requiring an owner or trusted entity to mediate.The ability to create a new digital ‘token’ that can function as a medium of exchange—a ‘cryptocurrency’.The ability to create a unique digital object therefore equates to the ability to create a new currency for value interchange. But whereas traditional objects used for value storage cannot be easily duplicated, they are also not unique and quantity-controlled (gold and diamonds can be mined; currency can be printed). Digital cryptocurrency tokens, however, are both unique and controllable, with publicly verifiable, permanently fixed rules about their creation and destruction.The ability to integrate digital objects, currency and transactions completely in the cloud through the use of ‘smart contracts’.With cryptocurrency tokens providing a digital means of value exchange, we now for the first time have the ability to directly and natively integrate economics into cloud-based transactions through ‘smart contracts’. Anything that can definitively ascertained or accessed digitally can now be integrated into an automated, self-executing contract. This is true regardless of the number of parties, conditions, time elements or value involved.This newly available functionality opens up a broad range of possibilities, including new ways in which the technologies of distributed ledger, blockchain, tokens or cryptocurrencies might:Facilitate the creation of industry-wide, multi-player cooperative endeavors to develop and deploy new, definitive data setsEnable the sale of ownership shares for individual properties, enhance crowdfunding and improve investor liquidityAutomate lease and purchase agreementsReduce the costs and time requires for performing background checks on prospective tenants and buyersBuilding community between properties, service providers and tenants

What are my rights if I signed a commercial lease and the landlord now wants to change the unit because it was "promised" to someone else? I signed the lease and I gave a check for the deposit.

You indicated you signed the lease. Has the landlord signed it and do you have a duplicate original with the landlord’s signature. If you have a duplicate original with the landlord’s signature, which you should have been given at the time at the time of entering into the lease, you have an enforceable lease. If not you, you will have a difficult time establishing you have an enforceable, unless the landlord has cashed your check, which would be evidence of an executed agreement. If you have a witness to the landlord entering into the agreement that would also be a way to prove the agreement, but more subject to rebuttal evidence.Assuming you can establish an executed lease, the landlord is stuck with you as a tenant, unless he can offer you an alternative you agree to.Ça

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