Legislative Update

Hauzen
04/12/2023

Hong Kong Implements Mainland Judgments in Civil & Commercial Matters (Reciprocal Enforcement) Ordinance

Hong Kong Implements Mainland Judgments in Civil & Commercial Matters (Reciprocal Enforcement) Ordinance https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 04/12/2023 12/12/2023

With effect from January 2024, the legislation aims to enhance legal cooperation and facilitate cross-boundary investment between Hong Kong and Mainland.

Byron Chow
07/07/2023

Mutual Recognition & Assistance to Insolvency Proceedings in HKSAR & China

Mutual Recognition & Assistance to Insolvency Proceedings in HKSAR & China https://hauzen.hk/wp-content/uploads/2021/11/guangzhou-derch-Zp4gRwQFLRE-unsplash_1400x788.jpg 1400 788 Byron Chow Byron Chow https://secure.gravatar.com/avatar/da4b3f4ddc0f2cc2ce4863d34966070c?s=96&d=mm&r=g 07/07/2023 11/07/2023

Learn about the implications and guidance for Recognition of HKSAR Insolvency Proceedings in Mainland China and vice versa

Hauzen
06/07/2023

Updates to Bankruptcy & Winding-Up Proceedings Practice Directions

Updates to Bankruptcy & Winding-Up Proceedings Practice Directions https://hauzen.hk/wp-content/uploads/2021/02/bangkok-stairs-ryan-tang-8OyZGH43-p4-unsplash-sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 06/07/2023 11/07/2023

Changes come into effect 17 July 2023, here’s a summary of some which streamline or change the procedure for bankruptcy and winding-up applications in Hong Kong

Hauzen
02/06/2023

New Reciprocal Enforcement for Mainland & Hong Kong Effective Soon

New Reciprocal Enforcement for Mainland & Hong Kong Effective Soon https://hauzen.hk/wp-content/uploads/2021/11/shenzhen-darmau-lee-5-k1_mBljB0-unsplash_1400x787.jpg 1400 787 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 02/06/2023 05/06/2023

Once in effect, a new cross-border enforcement regime would significantly expand scope of reciprocal enforcement and streamline judgment registration procedure.

Kelly Ho
01/06/2023

HK Companies Can Now Hold Fully Virtual General Meetings

HK Companies Can Now Hold Fully Virtual General Meetings https://hauzen.hk/wp-content/uploads/2021/11/network-pexels-brett-sayles-4339335.jpg 1400 788 Kelly Ho Kelly Ho https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 01/06/2023 01/06/2023

Companies (Amendment) Ordinance 2023 modernises the way AGMs or general meetings can be held. Hong Kong’s legislation is gradually embracing modern technology.

Hauzen
10/05/2023

Hong Kong to Regulate Stablecoins

Hong Kong to Regulate Stablecoins https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-vishnu-mohanan-pfR18JNEMv8-unsplash_1400x788.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 10/05/2023 17/05/2023

New regulatory regime significant for stablecoins, and Hong Kong in particular. Stablecoins like USDT & USDC widely used as alternative currency for payment.

Hauzen
18/04/2023

Legislative Update

Passage of AML and CTF (Amendment) Bill 2022

Passage of AML and CTF (Amendment) Bill 2022 https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 18/04/2023 20/04/2023

The amended AMLCTFO will come into effect in phases in 2023Q2 to provide industries concerned with sufficient time to prepare for new regulatory requirements.

Basil Hwang
13/02/2023

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-ryan-tpAyLp9Ro50-unsplash_1400x787.jpg 1400 787 Basil Hwang Basil Hwang https://secure.gravatar.com/avatar/5d3f58de143db081e366aef68a3a5c15?s=96&d=mm&r=g 13/02/2023 01/09/2023

Operating a virtual asset in Hong Kong? Learn what you need to do to get ready for the new SFC legislation starting 01 June 2023!

Kelly Ho
21/12/2022

HK has Fully Implemented the Outcome Related Fee Structures for Arbitration Regime

HK has Fully Implemented the Outcome Related Fee Structures for Arbitration Regime https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Kelly Ho Kelly Ho https://secure.gravatar.com/avatar/edf43aa4257659462da0e70132762ed4?s=96&d=mm&r=g 21/12/2022 21/12/2022

On 16 December 2022, the ORFSA regime was fully implemented in Hong Kong through the amended Arbitration Ordinance (Cap. 609) and the new Arbitration (Outcome Related Fee Structures for Arbitration) Rules (Cap. 609D).

Yuqi Shi
08/11/2022

HKLRC Proposes New Legislation on Cybercrime

HKLRC Proposes New Legislation on Cybercrime https://hauzen.hk/wp-content/uploads/2021/11/microchip-laura-ockel-qOx9KsvpqcM-unsplash_1400x787.jpg 1400 787 Yuqi Shi Yuqi Shi https://secure.gravatar.com/avatar/537855a86fcba638bc4bd54ce71dfc6c?s=96&d=mm&r=g 08/11/2022 08/11/2022

Businesses in Hong Kong may soon need to account for cybercrimes laws when establishing their information and communication technology security frameworks.