Updates

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

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 LLP
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 LLP
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 LLP
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 LLP
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 LLP
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.   

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
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