Employment Spotlight: Enhanced statutory maternity leave protection as the Legco passes the Employment (Amendment) Bill 2019

The Employment (Amendment) Bill 2019 (“Bill”) was passed by the Legislative Council on 9 July 2020. The Bill seeks to amend the Employment Ordinance (Cap. 57) “to extend the statutory maternity leave by 4 weeks; to introduce a cap on the maternity leave pay in respect of the extension of maternity leave; to shorten the […]

Nick GallSenior Partner, Gall Solicitors

Disciplinary Actions for Takeovers Code Breaches in June 2020

Two Takeovers Executive disciplinary decisions relating to breaches of the Hong Kong Takeovers Code were published in June 2020. They involved: public criticism of members of the China International Capital Corporation Group (the CICC Group) for late disclosure under Rule 22 of the Takeovers Code of dealings in relevant securities in hedging activities related to […]

Julia CharltonPartner, Charltons

Disciplinary Actions for Takeovers Code Breaches in June 2020

Two Takeovers Executive disciplinary decisions relating to breaches of the Hong Kong Takeovers Code were published in June 2020. They involved: public criticism of members of the China International Capital Corporation Group (the CICC Group) for late disclosure under Rule 22 of the Takeovers Code of dealings in relevant securities in hedging activities related to […]

Clinton MorrowPartner, Charltons

SFC Publicly Reprimands and Fines Guotai Junan HK$25.2 million

On 22 June 2020, the SFC announced that it has reprimanded and fined Guotai Junan Securities (Hong Kong) Limited (Guotai Junan) HK$25.2 million for internal control failures and regulatory breaches in  failing to mitigate risks of money laundering and terrorist financing in relation to third party fund transfers and a listed company’s placing activities and […]

Clinton MorrowPartner, Charltons

Hong Kong quarantine relaxed for directors of HKEx listed companies and HKEx listing applicants, certain lawyers, accountants and professionals

The Compulsory Quarantine of Certain Persons Arriving at Hong Kong Regulation (Cap. 599C) (the “Regulations”) was introduced by the HKSAR Government on 08 February 2020. The Regulations applied to persons arriving at Hong Kong from a place in China other than Hong Kong. Pursuant to the Regulations and subject to any exceptions, any person or […]

Julia CharltonPartner, Charltons

Consultation Conclusions Issued on a Paperless Securities Market for HKEx-listed Securities

Joint Consultation Conclusions[1] on proposals for a paperless securities market for Hong Kong were published in April 2020. The original proposals were set out in a Consultation Paper (Consultation Paper) issued jointly by the  Securities and Futures Commission (SFC), the Hong Kong Exchanges and Clearing Limited (HKEx) and the Federation of Share Registrars Limited (FSR) (together the […]

Clinton MorrowPartner, Charltons