Updates

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

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.   

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

SFC Publishes VATP Lists & Forms Joint Group with HKPF
SFC Publishes VATP Lists & Forms Joint Group with HKPF 1401 788 Hauzen LLP
The SFC has taken steps to enhance investor protection and awareness of virtual asset trading platforms following the JPEX scandal.

SFC’s Warning on Unregulated VATP JPEX
SFC’s Warning on Unregulated VATP JPEX 1400 788 Hauzen LLP
Hong Kong’s Securities and Futures Commission issued a warning statement clarifying that JPEX is an unlicensed entity and warned the public to be cautious.

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

Recent Enforcement Actions on Money Service Activities
Recent Enforcement Actions on Money Service Activities 1400 788 Hauzen LLP
Efficient and sufficient record-keeping is essential to effective AML/CFT compliance for MSOs, and the C&ED expects adherence with all applicable requirements.

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