Legislative Update

Charing
09/08/2021

Bills for re-domiciliation of foreign investment funds gazetted

Bills for re-domiciliation of foreign investment funds gazetted https://hauzen.hk/wp-content/uploads/2022/01/hong-kong-city-5012735_1920_1400x788sm.jpg 1400 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 09/08/2021 10/01/2022

On 2 July 2021, the Government gazetted the Securities and Futures (Amendment) Bill 2021 and the Limited Partnership Fund and Business Registration Legislation (Amendment) Bill 2021 (collectively, the “Bills”). The Bills sets out the respectively scheme for foreign investment funds to be re-domiciled and registered in Hong Kong as open-ended fund companies (“OFC”) or limited partnership funds (“LPFs”).

Hauzen
14/07/2021

Launch of grant scheme for open-ended fund companies and real estate investment trusts

Launch of grant scheme for open-ended fund companies and real estate investment trusts https://hauzen.hk/wp-content/uploads/2020/12/stairs-feet-pikwizard-e56c51548444732f224d910d420e40f5_1401x788sm.jpg 1401 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 14/07/2021 01/11/2021

Hong Kong’s Financial Secretary announces subsidies for open-ended fund companies to set up in or re-domicile and Real Estate Investment Trusts to list in HK.

Hauzen
14/07/2021

Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China

Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China 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 14/07/2021 10/01/2022

Hong Kong’s Legislative Council passed the Mainland Judgments in Matrimonial and Family Cases (Reciprocal Recognition and Enforcement) Ordinance

Charing
16/06/2021

Proposed amendments to PDPO to combat doxxing activities

Proposed amendments to PDPO to combat doxxing activities https://hauzen.hk/wp-content/uploads/2021/11/personal-data-pexels-thisisengineering-3861969_1400x787sm.jpg 1400 787 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 16/06/2021 10/01/2022

Proposed amendments include “A person commits an offence if the person discloses any personal data of a data subject without the data subject’s consent,”

Hauzen
04/06/2021

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements https://hauzen.hk/wp-content/uploads/2020/12/stairs-pikwizard-498d26a768504c041a26333fdbca5804_1402x790sm.jpg 1402 790 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 04/06/2021 01/11/2021

On 28 May 2021, the SFC issued a circular regarding the grant of exemptions for senior executives of licensed corporations from the three-week compulsory quarantine arrangements in Hong Kong under Cap. 599C and Cap. 599E.

Charing
21/05/2021

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing https://hauzen.hk/wp-content/uploads/2021/11/network-pexels-brett-sayles-4339335.jpg 1400 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 21/05/2021 10/01/2022

The Judiciary Administration published a legislative proposal to enable remote hearing on February 2021

Charing
20/04/2021

FSTB Consultation paper on new licensing regime for virtual assets services providers

FSTB Consultation paper on new licensing regime for virtual assets services providers https://hauzen.hk/wp-content/uploads/2018/03/bitcoin-andre-francois-mckenzie-9qpCNwDeBVU-unsplash_1400x935.jpg 1400 935 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 20/04/2021 10/01/2022

FSTB published consultation paper proposeing to introduce a licensing regime for virtual assets services providers (“VASPs”). The consultation period ended on 31 January 2021.

Charing
08/04/2021

Arbitration (Amendment) Ordinance 2021 to come into operation on 19 May 2021

Arbitration (Amendment) Ordinance 2021 to come into operation on 19 May 2021 https://hauzen.hk/wp-content/uploads/2020/08/alessia-cocconi-zLIUdGeKxv0-unsplash_1400x786sm.jpg 1400 786 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 08/04/2021 01/11/2021

As previously reported, Hong Kong and the Mainland signed a Supplemental Arrangement on 27 November 2020 for the purpose of enhancing enforcement of arbitral awards between the two jurisdictions. As a…

Charing
31/03/2021

Consultation Paper on Outcome Related Fee Structures for Arbitration

Consultation Paper on Outcome Related Fee Structures for Arbitration https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 31/03/2021 10/01/2022

The consultation period for the Outcome Related Fee Structures for Arbitration Sub-committee of the Law Reform Commission’s consultation paper on Outcome Related Fee Structures for Arbitration recently came to an end, on 16 March 2021.

Charing
09/03/2021

HK Government Gazettes New Bills

HK Government Gazettes New Bills https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 09/03/2021 10/01/2022

On 3 March 2021, the Government published two new Bills in the Gazette, the Revenue (Stamp Duty) Bill 2021 and Employment (Amendment) Bill 2021, both to be introduced into the Legislative Council on 17 March 2021.