Many companies look to grow their business through mergers or acquisitions of companies outside their own country and while this brings many opportunities it can also bring risks. But with […]
Read moreOn 26 February 2020, Financial Secretary, Mr Paul Chan Mo-po, GBM, GBS, MH, JP,[1] delivered the government’s 2020/2021 Budget Plan to the Legislative Council. Given the tough economic environment, an expansionary fiscal stance is being adopted making optimal use of fiscal reserves to implement counter-cyclical measures. Read More… Hong Kong Law Newsletter | Chartlons
Nick Gall and Ashima Sood have contributed the 2020 Hong Kong Chapter on Asset Recovery for Lexology Getting The Deal Through. The publication provides expert summaries of the laws and regulations which have been developed to freeze and repatriate the proceeds of fraud and corruption, and Gall’s Hong Kong chapter explores both civil and criminal […]
On 7th February 2020, the Securities and Futures Commission (SFC) published its SFC Regulatory Bulletin (Issue No. 4) to provide an update on its front-loaded approach to regulating market quality and corporate misconduct. The latest SFC Regulatory Bulletin includes case studies featuring the SFC’s principal areas of concern and its recent regulatory actions in relation […]
In this article, partners Nick Gall, Evelyn Chan, Kenix Yuen and Trainee Solicitor Adriel Wong explore whether a force majeure clause applies to COVID-19 and to a party’s performance, and the various actions to take if a party considers that it is entitled to invoke a force majeure clause. The outbreak of COVID-19 novel coronavirus has brought about disruptions […]
On 31 January 2020, HKEx announced the publication of its Consultation Paper on Corporate WVR Beneficiaries,[1] seeking feedback on a proposal to allow corporate entities to benefit from weighted voting rights (WVR) subject to additional conditions and investor protection measures. Under the current regime, WVR can only be held by individuals. Read More… Hong Kong […]
SFC Reported Cases for Compliance Failures under the Securities and Futures Ordinance: mid-December 2019 to mid-February 2020 The SFC has published updates on over ten disciplinary actions and related prosecutions between 17 December 2019 and 14 February 2020, including the following: Read More… Hong Kong Law Newsletter | Chartlons
On 4 February 2020, in light of travel restrictions that have arisen in response to the outbreak of the coronavirus, the Securities and Futures Commission (the SFC) and The Stock Exchange of Hong Kong Limited (the HKEx) issued a joint statement[1] (the Statement on Financial Results Announcements) providing guidance to listed companies and their auditors […]
LEGAL UPDATE Corporate & Commercial When would the Court interfere with company directors’ refusal to register transfer of shares? Insolvency & Restructuring Which court should be the forum for transaction at an undervalue proceedings if the bankrupt’s asset is located outside Hong Kong? Regulatory & Compliance How does the Court determine the length of […]
On 7 January 2020, the Securities and Futures Commission (SFC) announced[1] the publication of two SFC circulars providing guidance on the SFC licensing obligations of private equity firms (Hong Kong private equity firms) and family offices (Hong Kong family offices) which conduct business in Hong Kong, in response to enquiries from industry participants and their […]
On 18 December 2019, the Stock Exchange of Hong Kong Limited (HKEx) published its Consultation Conclusions: Review of the Environmental, Social and Governance Reporting Guide and Related Listing Rules with respect to its May 2019 Consultation Paper, the consultation period for which closed on 19 July 2019. The Consultation Conclusions were published together with the […]
On 20 December 2019, the Securities and Futures Commission (SFC) announced the publication of a Consultation Paper on Proposed Enhancements to the Open-ended Fund Companies (OFC) Regime. The consultation is open until 20 February 2020. Read More… Hong Kong Law Newsletter | Chartlons
