Updates

Covering the latest legal developments that impact individuals and businesses. Stay informed on changes in laws, regulations, and proposed legislative reforms.

cryptocurrency - bitcoin

Landmark Ruling Involving Decentralised Autonomous Organisations (DAOs)
Landmark Ruling Involving Decentralised Autonomous Organisations (DAOs) 1400 787 Hauzen
This Hong Kong ruling highlights the need for transparency in DAOs and acknowledges the legal complexities of blockchain and decentralized finance.

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.

Enforcement Update: Landmark Market Manipulation Criminal Trial
Enforcement Update: Landmark Market Manipulation Criminal Trial 1400 788 Hauzen
3 convicted for market manipulation marking heaviest jail terms post-SFO enactment. More about how this Syndicate’s complex scheme led to HK$124M in profits.

Hong Kong Privacy Commissioner for Personal Data Publishes Model Framework to Protect Personal Data in AI
Hong Kong Privacy Commissioner for Personal Data Publishes Model Framework to Protect Personal Data in AI 1401 786 Hauzen
As regulators around the world work to establish frameworks to promote ethical and compliant use of AI, Hong Kong has takes significant step.

HKIAC Introduces 2024 Administered Arbitration Rules to Enhance Efficiency and Reflect Changing Times
HKIAC Introduces 2024 Administered Arbitration Rules to Enhance Efficiency and Reflect Changing Times 1401 788 Hauzen
The Hong Kong International Arbitration Centre (HKIAC) has recently announced the release of its 2024 Administered Arbitration Rules, which will come into effect on 1 June 2024. These rules represent a continuation and refinement of the 2018 Administered Arbitration Rules. The newly introduced provisions in the 2024 Rules aim to further expedite the resolution of disputes and reduce the associated costs while adapting to evolving social norms and technological advancements.

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.

Extension of Grant Scheme for OFC & REIT
Extension of Grant Scheme for OFC & REIT 1400 787 Hauzen
SFC announced 3yr extension of grant scheme to subsidise setting up of open-ended fund companies and real estate investment trusts in Hong Kong – open for applications 10 May 2024.

Hong Kong Court of Final Appeal Upholds Validity of Letter of No Consent Regime
Hong Kong Court of Final Appeal Upholds Validity of Letter of No Consent Regime 1400 788 Hauzen
The CFA decision provides relief to fraud victims and clarity to asset tracing practitioners, reinforcing Hong Kong’s reputation as a global financial centre.

Hong Kong Judiciary Revolutionising Court Proceedings With Historic Live Stream
Hong Kong Judiciary Revolutionising Court Proceedings With Historic Live Stream 1400 788 Nigel Binnersley
Curious about what happens in a court hearing? Now you can watch live broadcasts of selective proceedings in Hong Kong courts.   
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