Legislative Update

Hong Kong Implements Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Ordinance
Hong Kong Implements Mainland Judgments in Civil and Commercial Matters (Reciprocal Enforcement) Ordinance 1400 788 Hauzen
With effect from January 2024, the new legislation is expected to enhance legal cooperation and facilitate cross-boundary trade between Mainland and Hong Kong.

Cybersecurity Law: Hong Kong Legislation to protect computer systems of Critical Infrastructure
Cybersecurity Law: Hong Kong Legislation to protect computer systems of Critical Infrastructure 1400 788 Hauzen
With surge in cyberattacks and several high-profile data breaches impacting thousands, LegCo discusses need for enhanced protection of critical infrastructures.

SFC Consultation: The REIT regime and market conduct regime for listed CIS
SFC Consultation: The REIT regime and market conduct regime for listed CIS 1400 788 Hauzen
The proposed REIT regime and market conduct regime for listed CIS will hopefully enhance investor protection, promote market integrity, and ensure a level playing field for all market participants.

Hong Kong Implements Mainland Judgments in Civil & Commercial Matters (Reciprocal Enforcement) Ordinance
Hong Kong Implements Mainland Judgments in Civil & Commercial Matters (Reciprocal Enforcement) Ordinance 1400 788 Hauzen
With effect from January 2024, the legislation aims to enhance legal cooperation and facilitate cross-boundary investment between Hong Kong and Mainland.

Mutual Recognition & Assistance to Insolvency Proceedings in HKSAR & China
Mutual Recognition & Assistance to Insolvency Proceedings in HKSAR & China 1400 788 Byron Chow
Learn about the implications and guidance for Recognition of HKSAR Insolvency Proceedings in Mainland China and vice versa

Updates to Bankruptcy & Winding-Up Proceedings Practice Directions
Updates to Bankruptcy & Winding-Up Proceedings Practice Directions 1400 788 Hauzen
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

New Reciprocal Enforcement for Mainland & Hong Kong Effective Soon
New Reciprocal Enforcement for Mainland & Hong Kong Effective Soon 1400 787 Hauzen
Once in effect, a new cross-border enforcement regime would significantly expand scope of reciprocal enforcement and streamline judgment registration procedure.

HK Companies Can Now Hold Fully Virtual General Meetings
HK Companies Can Now Hold Fully Virtual General Meetings 1400 788 Kelly Ho
Companies (Amendment) Ordinance 2023 modernises the way AGMs or general meetings can be held. Hong Kong’s legislation is gradually embracing modern technology.

Hong Kong to Regulate Stablecoins
Hong Kong to Regulate Stablecoins 1400 788 Hauzen
New regulatory regime significant for stablecoins, and Hong Kong in particular. Stablecoins like USDT & USDC widely used as alternative currency for payment.

Passage of AML and CTF (Amendment) Bill 2022
Passage of AML and CTF (Amendment) Bill 2022 1400 788 Hauzen
The amended AMLCTFO will come into effect in phases in 2023Q2 to provide industries concerned with sufficient time to prepare for new regulatory requirements.
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