On 20 May 2021, the Stock Exchange of Hong Kong (HKEX) published its Consultation Conclusions on the Main Board Profit Requirement.1 Following broad opposition to the Consultation Paper’s2 proposal to increase the profit requirement for companies listing on the Main Board by either 150% or 200%, the HKEX will instead raise the aggregate profit requirement […]
On 21 May 2021, Hong Kong’s Financial Services and Treasury Bureau (the FSTB) published its Consultation Conclusions1 on legislative proposals to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulations in Hong Kong (Consultation Conclusions) in respect of Hong Kong virtual asset service providers (VASPs). These Consultation Conclusions are in response to the FSTB’s consultation paper2 […]
On 21 May 2021, Hong Kong’s Financial Services and Treasury Bureau (the FSTB) published its Consultation Conclusions1 on legislative proposals to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulations in Hong Kong (Consultation Conclusions) in respect of Hong Kong virtual asset service providers (VASPs). These Consultation Conclusions are in response to the FSTB’s consultation paper2 […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Gwynn Hopkins of Perun Consultants. Gwynn has joined IR as our exclusive Debt & Asset Member in Hong Kong. Gwynn Hopkins founded Perun Consultants in 2017. Gwynn has worked as an insolvency practitioner and forensic accountant on a wide range of local […]
The Hong Kong Government recently opened the Covid-19 vaccination programme up to all adults over the age of 16 with the aim of safeguarding public health and helping to allow further easing of restrictions and a gradual return to normal life and activities. The vaccination programme raises important and unprecedented questions for employers, however, in […]
The Hong Kong Financial Secretary of the Hong Kong Government announced in the 2021/2022 budget speech1 that the Hong Kong Government will provide subsidies to cover 70% of the expenses paid to Hong Kong professional service providers for Hong Kong open-ended fund companies (“Hong Kong OFCs”) set up in or re-domiciled to Hong Kong in […]
The Hong Kong Financial Secretary of the Hong Kong Government announced in the 2021/2022 budget speech1 that the Hong Kong Government will provide subsidies to cover 70% of the expenses paid to Hong Kong professional service providers for Hong Kong open-ended fund companies (“Hong Kong OFCs”) set up in or re-domiciled to Hong Kong in […]
We all know that before you use someone else’s property, you will first have to seek the owner’s permission. The same applies to music; but are you aware that music is not just the CD or the electronic file that you download from the Internet? So who owns the music from whom you should seek […]
As the Covid-19 pandemic continues and various social distancing rules have been implemented, daily business operations and events may be disrupted. It is important to know how contractual relationships could be affected in these circumstances. Force majeure clause Force majeure clause is usually incorporated in a contract to enable the parties to excuse themselves from […]
With the proliferation of video streaming platforms, the streaming of, and demand for, digital content continues to grow and more so in this Covid-19 world we now live in. Whilst Netflix together with likes of Amazon Prime Video, Disney Plus, Apple TV, HBO Max and NBCU’s Peacock may be the household streaming giants cornering the […]
The Hong Kong Stock Exchange’s Consultation Paper on the Listing Regime for Overseas Issuers1 published on 31 March 2021 (HKEX Consultation Paper) proposes potentially far reaching changes to its requirements for secondary and dual primary listings of overseas companies on the Hong Kong Stock Exchange (the HKEX). Two of the key proposals, which are the […]
On 16 April 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published a consultation paper on the Review of Corporate Governance Code and Related Listing Rules1 (the “HKEX Consultation Paper”) setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure and standards (among others). The HKEX also proposes to revise the […]