Industry Insights

In March and May 2019 the Securities and Futures Commission (“SFC”) took disciplinary action against five investment banks in relation to shortcomings in the standards of sponsor work on three...
July 2019
At the time of writing, the Financial Action Task Force's mutual evaluation report for Hong Kong is due to be formally "delivered" in a plenary discussion (for publication later this summer),...
July 2019
Hong Kong’s lack of a statutory regime for cross-border insolvency is in stark contrast with Singapore, which adopted the UNCITRAL Model Law on Cross-Border Insolvency in 2017. It is worth...
July 2019
In recent years, the courts have sought to strike a balance between upholding contractual agreements to refer disputes to arbitration and protecting a party’s statutory rights to wind up a company in...
July 2019
In September 2019 the Insurance Authority is due to take over responsibility for the supervision and regulation of licensed insurance intermediaries. Insurance intermediaries fall into two broad...
July 2019
Blockchain is a technology platform that seeks to facilitate trusted transactions securely. Blockchain is rapidly gaining momentum in its development and acceptance. This article approaches the...
July 2019
What is the Background to the Economic Substance Legislation? New economic substance legislation (“ES Legislation”) in each of Bermuda, the British Virgin Islands (BVI) and the Cayman Islands...
July 2019
Data privacy breaches, the most sensational of cyberattacks and the most covered of data ethics issues in the media, amount a tripartite concern that traverses the domains of ethics, information...
July 2019
Following the decision of the High Court of Hong Kong in CL v SCG [2019] HKCFI 398, the victorious claimant (CL) in Hong Kong arbitration proceedings was left unable to enforce the Award in Hong Kong...
June 2019
The Banking Policy Department of the Hong Kong Monetary Authority (HKMA) issued a circular (see HKMA’s BCBS Statement on Crypto-Assets, available at https://www.hkma.gov.hk/media/eng/doc/key-...
June 2019
Within a short period of six months, ‘software glitch’ has been the blame for a number of catastrophic breakdown of services suffered by the MTR Corporation, with the most recent incident resulting...
June 2019
Given the importance of “without prejudice” communications to lawyers and their clients, the decision of the English High Court in Briggs & Ors v Clay & Ors [2019] EWHC 102 (Ch)...
June 2019
On 25 April 2019, the Hong Kong International Arbitration Centre (HKIAC) became the first foreign arbitral institution to receive a Russian governmental permit to administer arbitrations under Russia...
June 2019
The Financial Services Business Council (“FSBC”) of the European Chamber of Commerce in Hong Kong (“EuroCham”) published a briefing paper, Driving Private Financing for Green Industries in Hong...
June 2019
More affordable and efficient fingerprinting hardware and applications are conducive to the wide adoption of fingerprint scanners for attendance record management and access control. Recent...
June 2019
The new Hong Kong insurance intermediary regime is expected to commence in mid-2019. In preparation, the Insurance Authority (“IA”) of Hong Kong has sought consultation on the Draft Guideline on...
May 2019
It is gratifying to observe that more and more lawyers are willing to provide pro bono legal services to the needy public. At present, there are over 1,000 volunteer lawyers participating in the...
May 2019
The recent dilemma of the Inland Revenue Services’ attempt to tax both the Duchess of Cambridge and their royal baby highlights how even royals cannot escape the need for good tax planning. In the...
May 2019
Introduction The question arose in the recent case of Li Fu Hua (also known as Denise Li) v Chen Ching Chih and another HCMP 1374/2018, [2018] HKCFI 2786. Chronology 1. On 31...
May 2019
The recently announced increase to the Legal Aid budget confirms that legal aid expenditure should increase by approximately 41 percent for 2019/20. It is expected that the increased funding will be...
May 2019