IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce James Smith of Smith Hurst PLC has joined IR as our exclusive Corporate Law Member in Arkansas. The foundation of our firm is a cohesive team of lawyers who share an attitude of excellence in serving our clients, helping them achieve […]
On 9 April 2021, the Legislative Council’s Panel on Financial Affairs will discuss the proposed implementation of provisions to protect directors’ personal information from public inspection which are contained in the Companies Ordinance (Cap. 622). The proposals set out in LC Paper No. CB(1)737/20-21(07)1 envisage that subsidiary legislation implementing a phased introduction of the new […]
Background Presidential Regulation No. 10 of 2021 (the “Investment Law”) is the implementing regulation for the Omnibus Law[1], and it came into effect on 4 March 2021. The Investment Law revokes the foreign investment limitations imposed by Presidential Regulation No. 76 of 2007 and Presidential Regulation No. 44 of 2016, or more commonly referred to […]
On 23 February 2021, the Hong Kong Securities and Futures Commission (the SFC) published its quarterly report1 for the period October to December 2020. The main highlights include: Listing and takeovers – a total of 34 new listing applications (two from companies with WVR structures and four from pre-revenue biotech companies) were vetted by the […]
On 23 February 2021, the Hong Kong Securities and Futures Commission (the SFC) published its quarterly report1 for the period October to December 2020. The main highlights include: Listing and takeovers – a total of 34 new listing applications (two from companies with WVR structures and four from pre-revenue biotech companies) were vetted by the […]
This article is intended to update you on certain regulatory developments in this area since our article published on 31 October 2019. On 14 December 2020 and 28 December 2020, the Ministry of Law (“MinLaw”) issued two notices to all regulated dealers on changes to the subsidiary legislation of the Precious Stones and Precious Metals […]
The Companies Act (Cap. 50) (“CA”) requires directors of a newly incorporated company to appoint an auditor for the company within 3 months of the company’s incorporation. However, for owners of a new company, the statutory obligation to appoint an auditor may not be practicable if, for instance, a company has been incorporated far in […]
The Stock Exchange of Hong Kong Limited (HKEX) published a potentially far-reaching consultation paper on the Listing Regime for Overseas Issuers1 on 31 March 2021 (the “HKEX Consultation Paper”). The purpose of the HKEX Consultation Paper is to obtain feedback from the market on the HKEX’s proposals to amend the HKEX Listing Rules to streamline […]
The Stock Exchange of Hong Kong Limited (HKEX) published a potentially far-reaching consultation paper on the Listing Regime for Overseas Issuers1 on 31 March 2021 (the “HKEX Consultation Paper”). The purpose of the HKEX Consultation Paper is to obtain feedback from the market on the HKEX’s proposals to amend the HKEX Listing Rules to streamline […]
1. Financial support for Singapore businesses Whether you are planning to start, grow or reinvent your business, an array of Singapore government grants and incentives are available to provide the financial support you need, particularly during the COVID-19 pandemic which has brought about unprecedented business challenges. This article highlights a number of Singapore government grants […]
Following the conclusion of Phase One of the Veritas initiative, on 6 January 2021, the Veritas Consortium (the “Consortium”) published two whitepapers detailing the Fairness, Ethics, Accountability and Transparency (“FEAT”) fairness assessment methodology (the “Methodology”) and its application in the two use cases.[1] This article provides an update on Singapore’s fairness framework for the adoption […]
A Special Purpose Acquisition Company (“SPAC”) is a company incorporated for the purpose of raising capital through an initial public offering (“IPO”). It is a blank-cheque company where the proceeds of the IPO will be used for the purpose of acquiring private companies or assets that are only identified after the IPO. This allows retail […]