Hong Kong Regulations

MASS TRANSIT RAILWAY BY-LAWS - BYLAW 46

Proper law to be laws of Hong Kong

(1) Any dispute howsoever arising directly or indirectly under or in respect
of these by-laws or any of them in regard to any matter, act, event, or thing
of whatsoever nature arising or occurring hereunder shall be governed by and
interpreted in accordance with the laws of Hong Kong wherever the matter, act,
event or thing shall take place and whatever the nationality, domicile or
usual place of residence of any person or party to such dispute and every
action or claim arising directly or indirectly therefrom brought by or against
the Corporation shall be and the same is hereby submitted to the exclusive
jurisdiction of a competent court of jurisdiction in Hong Kong.

(2) It is hereby expressly agreed and declared by the persons or parties to
whom these by-laws and any special conditions made hereunder refer that the
Corporation is resident in Hong Kong and that the exercise of its central
management and control is exercised in Hong Kong. (L.N. 156 of 2007)