Industry Insights

What In January 2017 the Financial Services and the Treasury Bureau of the government published a consultation document “Enhancing Anti-Money Laundering Regulation of Designated Non-Financial...
February 2017
On 18 November 2016, the SPC issued the Provisions on Certain Issues involving Trials of Independent Guarantee Disputes, which took effect 1 December 2016, to acknowledge the increasing use of these...
February 2017
The second reading of the Arbitration (Amendment) Bill 2016 was commenced at the Legislative Council meeting on 14 December 2016. One of the main objectives of the Bill is to clarify that disputes...
February 2017
The Property Management Services Ordinance (Cap. 626) (“Ordinance”) was enacted in October 2016. The Ordinance aims to promote the integrity and standard of property management services, by providing...
February 2017
In September 2016, we reported on the decision by the Appeal Committee of the Court of Final Appeal (“CFA”) to grant leave to appeal to the CFA on the following question: “May a single Justice of...
February 2017
On the back of the SFC’s guidance by way of responses to FAQs regarding the application of the new “suitability clause” in client agreements between financial intermediaries and their clients (...
February 2017
The Court of Appeal’s interesting judgment in Registrar of Hong Kong Institute of Certified Public Accountants v Wong & Anor [2016] 4 HKLRD 763*, demonstrates a general reluctance on...
February 2017
On 16 November 2016, the State Administration for Industry and Commerce (“SAIC”) announced it had levied a RMB 667,724,176.88 administrative fine against Swedish packaging company Tetra Pak...
February 2017
One of the most significant pieces of legislation introduced in the Cayman Islands this year was the Limited Liability Companies Law, 2016 which was enacted in June 2016 and commenced on 8 July 2016...
January 2017
Many local practitioners who conduct litigation on behalf of clients involving litigants in person will probably at some time have experienced similar frustrations. In particular, a tendency on the...
January 2017
In 2013, the case of Prest v Petrodel [2013] UKSC 34 left the family law fraternity debating and divided. At issue was whether the family courts can pierce the corporate veil when assets...
January 2017
As noted in previous editions of “Industry Insights” (eg, August and September 2016), disputes regarding without prejudice communications are not uncommon in Hong Kong – a...
January 2017
On 4 November 2016, the Cyberspace Administration of China (“CAC”) issued the Administrative Provisions on Internet Live-streaming Services 2016, which took effect 1 December 2016. The provisions...
January 2017
In an important judgment in Compania Sud Americana De Vapores S.A. v Hin-Pro Logistics International Ltd [2016] HKEC 2463, FACV 1/2016 (to be reported), the CFA has confirmed that the grant...
January 2017
On 7 November 2016, the National People’s Congress (“NPC”) Standing Committee enacted the Network Security Law of the People’s Republic of China 2016, which will take effect 1 June 2017. The...
January 2017
The right to remain silent is a powerful weapon in the hands of criminal defence lawyers in Hong Kong as affirmed in the recent case of HKSAR v ATA ASAF [2016] HKCFA 31. Here, the Court of...
January 2017
As an attempt to cool off residential property market, the Hong Kong Government, on 4 November 2016, announced that the Stamp Duty Ordinance would be amended to increase the ad valorem ...
December 2016
“Ladies’ Night” was the title of a hit song in 1979 by Kool & the Gang. The purported practice of “Ladies’ Night” provides some of the background to the recent case of Yiu...
December 2016
Given its importance, the topic of the SFC’s new “suitability clause” (to be incorporated into financial intermediaries’ client agreements) has featured in several previous editions of this journal...
December 2016
The Uber world did a double turn on 28 October when a UK employment tribunal decided that Uber drivers are workers and not independent contractors, stating in its often times faintly mocking judgment...
December 2016