The Government has announced the much-awaited implementation details of the ESS along with the penalties in case of breach of undertakings. Our most recent update on the details of the ESS can be viewed here. Application details – the information required The wage subsidies will be provided for 6 months in two tranches. The first tranche […]
Setting the Scene This practice note considers the applicable legal principles in respect of an application for a springboard injunction as well as key takeaways for employers seeking to protect their businesses when key employees depart. What is a springboard injunction? A springboard injunction is a type of prohibitive injunction. In general terms, if granted, […]
For directors, the winding up of a company could be judgment day when their past misdeeds come back to haunt them. If insolvency is on the horizon, there are various matters directors should bear in mind lest incurring personal liability if insolvency becomes inevitable. Unfair Preference The rules governing unfair preference are found under sections […]
The HKSAR announced on 5 May 2020 the easing of certain social distancing measures. The latest Group Gathering Regulations (Cap. 599G) came into effect on 08 May 2020 which exempted shareholders’ meetings Read More… Hong Kong Law Newsletter | Chartlons
COVID-19 has created unforeseen challenges for businesses all over the world with an impact so far-reaching that several organisations are no longer able to survive. Governments have swiftly enacted relief measures but the financial consequences of the pandemic on businesses is unprecedented. Some common law jurisdictions have created new insolvency law measures to tackle the […]
Hong Kong’s SFC issued a circular to licensed corporations on their cybersecurity risk management obligations and the SFC Code of Conduct requirements regarding remote office arrangements. Read More… Hong Kong Law Newsletter | Chartlons
For directors, the winding up of a company could be judgment day when their past misdeeds come back to haunt them. If insolvency is on the horizon, there are various matters directors should bear in mind lest incurring personal liability if insolvency becomes inevitable. Unfair Preference The rules governing unfair preference are found under sections […]
The Government has recently provided more clarity on the Employment Support Scheme (“ESS”) and expanded its scope. The application for the first tranche of the ESS is scheduled to open on 25 May 2020 until 14 June 2020. The application details for the second tranche of the ESS is yet to be announced. All employers […]
The Hong Kong Stock Exchange (HKEx) will implement Phase 1 enhancements of the Volatility Control Mechanism (VCM) on 11 May 2020, according to a press release issued on 23 April 2020. Read More… Hong Kong Law Newsletter | Chartlons
COVID-19 has created unforeseen challenges for businesses all over the world with an impact so far-reaching that several organisations are no longer able to survive. Governments have swiftly enacted relief measures but the financial consequences of the pandemic on businesses is unprecedented. Some common law jurisdictions have created new insolvency law measures to tackle the […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
SFC’s Regulatory Response to COVID-19 On 21 April 2020, the Securities and Futures Commission (the SFC) published a press release[1] outlining its regulatory response to the considerable impact of the COVID-19 pandemic on the Hong Kong financial markets. The SFC’s main areas of focus have been ensuring that Hong Kong’s financial markets continue to function […]