The Hong Kong Competition Commission has published proposals for a cooperation and settlement policy aimed at encouraging companies involved in cartels to step forward and help with investigations. The new policy (16 page / 416KB PDF) sits alongside the...read more
Recently, the President of the Law Society, Melissa Pang, announced a study and initiative to promote diversity and inclusion at the senior level of the legal profession. At the moment, male and female genders are almost equally represented at the entry level, but...read more
Hong Kong – Convictions In Less Than A Year After The Significant Controllers Register Law Came Into Force
On 7 January 2019, the Companies Registry published highlights of several prosecution cases regarding the convictions in November 2018 of twelve Hong Kong companies for having failed to keep and maintain their significant controllers registers ("SCR")...read more
Hong Kong – New HKEx Rules Spur Bumper Year In Hong Kong Capital Markets, But Lasting Impact Remains Unclear.
In April 2018, the Hong Kong Stock Exchange’s (HKEx) rule amendments permitting the listing of innovative, high-growth companies with dual-class share structures and pre-revenue biotech companies went into effect. The long-awaited amendments also facilitated the...read more
Hong Kong SFC Introduces New Code Of Conduct Requirements On OTC Derivative Risk Mitigation And Client Clearing And To Address Risks Posed By Group Affiliates
On 12 December 2018, the Securities and Futures Commission published the conclusions to its consultation on refinements to the over-the-counter derivatives regime and to require licensed corporations (“LCs”) to properly manage financial exposure to connected persons1....read more
In an important development for the Hong Kong securities market, the Hong Kong Stock Exchange (HKEx) announced1 that it has reached an agreement with the Shanghai and Shenzhen Stock Exchanges to permit companies with dual-class share structures listed in Hong...read more
The Securities and Futures Commission (SFC) issued its Consultation Conclusionson (1) the OTC derivatives regime for Hong Kong – Proposed requirements in relation to OTC derivative risk mitigation and client clearing; and (2) Proposed conduct requirements to...read more
The Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance 2017 (Amendment Ordinance) amends the Arbitration Ordinance (Cap. 609) and the Mediation Ordinance (Cap 620) to allow third party funding of arbitrations and mediations respectively....read more
International Tax Cooperation Spurs Key Development Of The Hong Kong Asset Management Industry – Level Playing Field For Onshore And Offshore Funds.
Overview In December 2017, the Council of the European Union (EU) identified certain ring-fencing features in Hong Kong’s profits tax exemption regime, which are considered discriminatory and isolated from the domestic economy. In order not to be labelled as a...read more
Hong Kong: Significant Legal And Regulatory Events In 2018 – What Happened In 2018 And Significant Events In 2019.
Hong Kong Law: Year in Review 2018 and Year to Come 2019 summarises some of the major developments in Hong Kong last year, and a selection of key changes that we anticipate over the coming year. There are links to further reading, where available. "2018 saw a large...read more