Remote working arrangements have become prevalent in response to the challenges posed by the pandemic such as risk of infections, travel restrictions and quarantine requirements in Hong Kong and elsewhere. Many employers are also considering remote working as ‘the new normal’ given the reduced operational costs. For some employees, remote working may mean working overseas. […]
A Partner in our Corporate/Commercial Department and IR Global Commercial Committee member Oksana Howard, who frequently deals with international clients and transactions, co-chaired Commercial Meeting break-out sessions during the IR Global March virtual event. The first break-out session has focused on discussions in relation to the post-Covid business environment and the opportunities it will bring to […]
The Hong Kong government has commenced implementation of a COVID-19 vaccination programme intended to cover all Hong Kong residents across the territory. Vaccinations are offered free of charge with the stated aim of safeguarding public health and helping to allow further easing of restrictions and a gradual return to normal life and activities. At this […]
The U.S. Small Business Administration (SBA) released Procedural Notice 5000-20095 (Procedural Notice) on Feb. 16, 2021, which clarifies the eligibility and procedures for existing loans under its 7(a) and 504 loan (Covered Loan programs) to receive extended loan payments from funds earmarked for that purpose by the Economic Aid to Hard-Hit Small Businesses, Nonprofits and […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Nelcia St. Jean of McW Todman & Co. Nelcia has joined IR as our exclusive Commercial Litigation member in the British Virgin Islands. I have appeared in the Commercial Court of the Eastern Caribbean Supreme Court (Virgin Islands) and have had […]
BG2V, our exclusive Foreign Direct Investment Member in France, are pleased to announce the addition of Commercial Litigation to their IR Global membership. This new position adds further strength to their membership and offers support for fellow members in the area. If you have a requirement in this area, please get in touch with Camille directly or […]
The Paycheck Protection Program (PPP), which is intended to be a lifeline to keep businesses afloat during the COVID-19 pandemic, has given rise to an incorrect belief among some that the funds obtained through a PPP loan are somehow “off limits” to creditors in situations like post-judgment garnishments and set-offs. Given the emergency relief nature […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
IR member Stéphane Bertouille of Everest Law in Brussels, Belgium, introduced our office to a French client. This client, an international company, wants to establish a business in the Dutch market. In this context, our office was asked to check the general terms and conditions used by the aforementioned company on Dutch law and, if […]
A “dawn raid” is the phrase used to describe an unannounced inspection of a company’s business premises or a person’s residential premises, usually early in the morning, often around 9am in the case of business premises. The Securities and Futures Commission (the SFC), the Independent Commission against Corruption (the ICAC) and the Competition Commission, amongst […]
The SFC and Its Scope of Power The Securities and Futures Commission (SFC) is an independent non-governmental statutory body whose authority is to regulate Hong Kong’s financial markets. The Securities and Futures Ordinance (SFO)_came into operation in April 2003 and it contains civil and criminal provisions for dealing with financial misconduct. Commencement of SFC Enforcement […]
The Hong Kong Government has lowered the threshold for compulsory COVID-19 testing to identify and curb the transmission chain of COVID-19 by implementing new measures under the Prevention and Control of Disease (Compulsory Testing for Certain Persons) Regulation (Cap. 599J) (“Regulation”). In this article, we consider the implications for employers and how to minimise the […]