Updates

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

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.
Cryptocurrency & BT3

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.

Hong Kong Courts recognise Cryptocurrency as Property
Hong Kong Courts recognise Cryptocurrency as Property 1400 788 Hauzen LLP
Hong Kong High Court made important step in recognising legal status of cryptocurrencies establishing them as “property” that can be held on trust.

Court of Appeal Reaffirms Constitutionality of Letters of No Consent
Court of Appeal Reaffirms Constitutionality of Letters of No Consent 1401 786 Kelly Ho
With the CA’s assurance, victims of online fraud can now benefit from the LNC Regime at ease.

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

Hong Kong Wah Kiu Investment Co Ordered to Compensate Clients
Hong Kong Wah Kiu Investment Co Ordered to Compensate Clients 1400 788 Hauzen LLP
The SFC’s investigation reveals intent to defraud or deceive and orders HKWKICL clients compensated

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime
Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime 1400 787 Basil Hwang
Operating a virtual asset in Hong Kong? Learn what you need to do to get ready for the new SFC legislation starting 01 June 2023!
Back to top
Privacy Preferences

When you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.  View our Legal Notices

For performance and security reasons we use Cloudflare
required
Click to enable/disable Google Analytics tracking code.
Click to enable/disable Google Fonts.
Click to enable/disable Google Maps.
Click to enable/disable video embeds.
Our website uses cookies, including from 3rd party services. Define your Privacy Preferences and/or agree to our use of cookies.