Charltons responded on 11 January 2021 to the Hong Kong Stock Exchange’s Consultation Paper: The Main Board Profit Requirement (summarised here) on behalf of a group of 10 Hong Kong sponsor firms who are concerned that the proposals to raise the profit requirement for listing by either 150% or 200% will leave many Hong Kong […]
In a significant advancement towards inclusiveness, the amendment to the Sex Discrimination Ordinance (“SDO”) prohibiting breastfeeding discrimination (“Amendment”) will come into force on 19 June 2021. We have summarized the key legal implications of the Amendment and key takeaways for employers. Applicability The protection against breastfeeding discrimination applies to a woman: Who is breastfeeding a […]
Charltons responded on 11 January 2021 to the Hong Kong Stock Exchange’s Consultation Paper: The Main Board Profit Requirement (summarised here) on behalf of a group of 10 Hong Kong sponsor firms who are concerned that the proposals to raise the profit requirement for listing by either 150% or 200% will leave many Hong Kong […]
Discussing finances can be a sensitive matter for many couples but making sure parties are ‘on the same page’ before marriage is crucial. Here are 5 important things to know about pre-nuptial agreements before deciding whether they are right for you and your partner: Pre-nups can help take the pressure off a relationship A pre-nuptial […]
The Securities and Futures Commission of Hong Kong (the “SFC”) published Takeovers Bulletin No. 55 in December 2020 (the “SFC Takeovers Bulletin 55”). The SFC Takeovers Bulletin 55 covers recent SFC disciplinary actions for breaches of Rule 26.1 of the Code on Takeovers and Mergers published by the SFC (the “Hong Kong Takeovers Code”) as well as providing […]
The Securities and Futures Commission of Hong Kong (the “SFC”) published Takeovers Bulletin No. 55 in December 2020 (the “SFC Takeovers Bulletin 55”). The SFC Takeovers Bulletin 55 covers recent SFC disciplinary actions for breaches of Rule 26.1 of the Code on Takeovers and Mergers published by the SFC (the “Hong Kong Takeovers Code”) as well as providing […]
The Privacy Commissioner for Personal Data (“PCPD”) has issued Guidance Notes for (1) organisations, (2) employees, and (3) users of video conference software, with a view to enhance measures for data security and data privacy in the use, storage and handling of personal data when employees work from home (“WFH”). In this article we have […]
On 4 December 2020, the Hong Kong Securities and Futures Commission (SFC) launched a consultation on proposals to introduce (1) an investor identification regime for the securities market in Hong Kong at the trading level (the Proposed Investor Identification Regime) and (2) an OTC securities transactions reporting regime for shares listed on the Hong Kong […]
On 8 December 2020, the Hong Kong Government announced new social distancing measures under the Prevention and Control of Disease (Requirements and Directions) (Businesses and Premises) Regulation (Cap.599F) to take effect on 10 December 2020 for a period of 14 days until 23 December 2020. Various regulations under the Prevention and Control of Disease Ordinance (Cap.599) will […]
The Employment (Amendment) Ordinance 2020 (the “Amendment”) has come into operation from today, 11 December 2020. Our previous update on its details can be viewed here. A summary of the key provisions and the key takeaways from the Amendment are as follows: Statutory Maternity Leave The period of statutory maternity leave is increased to a […]
The idea of reforming Hong Kong’s corporate rescue regime was first floated back in 1996. It was introduced in the form of the Companies (Corporate Rescue) Bill 2001 but got nowhere due to differences of opinion. This was returned to the table subsequently in 2003, 2009 and 2014, but nothing ever came to fruition. On […]
On 16 November 2020, the Stock Exchange of Hong Kong (HKEx) published a concept paper outlining a proposal to modernise Hong Kong’s IPO settlement process[1] (the Concept Paper) through the introduction of a new IPO settlement platform (Fast Interface for New Issuance (FINI)), which will be a mandatory platform for the handling of future Hong Kong IPOs should […]