HKEX to Raise Main Board Profit Requirement from 1 January 2022

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 […]

Clinton MorrowPartner, Charltons

FSTB Concludes Consultation on Licensing Regime for Hong Kong Virtual Asset Exchanges

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 […]

Julia CharltonPartner, Charltons

Tax and legal implications of working from home (home office)

Due to the SARS-Cov-2 epidemic causing COVID-19, working from home is becoming an increasingly topical issue. The current legal regulation of working from home is insufficient, which causes a number of interpretation problems in practice. Legal regulation of working from home According to the current wording of the Labour Code, it is possible to view […]

Aleš EppingerPartner, Schaffer & Partner

Cross-border Conversion of a Company or Partnership

Europejski Przegląd Sądowy 11/2019 Krzysztof Jasiński The paper relates to the issue of cross-border conversion of a company or partnership from an EU Member State of origin to another Member State, which is controversial in the European legal literature. This author analyses the concept o f cross-border conversion comparing it with cross-border transfer of registered […]

Krzysztof JasińskiManaging Associate, GESSEL

Vietnam’s Improving Business Environment Amid Pandemic: Provincial Competitive Index 2020

Despite the COVID-19 pandemic, as per the latest Provincial Competitive Index (PCI) 2020, Vietnam’s economic and investment landscape continued to move from strength to strength. The PCI introduced since 2005 is a collaborative report developed by the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID). The PCI measures 10 sub-indices: Low entry costs for business […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

How the EU-Astrazeneca Dispute Could Have Been Avoided

The dispute between the European Commission (“the Commission”) and AstraZeneca (“AZ”) rumbles on following the Commission’s  decision to commence legal action against AZ for alleged breaches of the COVID-19 vaccine supply contract. Commission spokesperson, Stefan De Keersmaeker, confirmed it was the Commission’s view that “the terms of the contract, or some terms of the contract, […]

Colin SmithPartner, Blaser Mills Law

A Week in Review

Limited partnership an ‘overseas person’? The Overseas Investment Amendment Act 2021 (No 17 of 2021) received the Royal assent on 24 May 2021. It is the second of two omnibus bills introduced in 2020 to amend the Overseas Investment Act 2005. The bills have come from the Government’s Phase Two Reform of the Overseas Investment […]

Richard AshbyPartner, Gilligan Sheppard

FSTB Concludes Consultation on Licensing Regime for Hong Kong Virtual Asset Exchanges

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 […]

Clinton MorrowPartner, Charltons