Updates

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

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements
Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements 1402 790 Hauzen LLP
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.

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing
Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing 1400 788 Hauzen LLP
The Judiciary Administration published a legislative proposal to enable remote hearing on February 2021

Permission granted to provisional liquidators to seek Mainland recognition
Permission granted to provisional liquidators to seek Mainland recognition 1400 788 Hauzen LLP
Permission granted to provisional liquidators to seek Mainland recognition may open new door to mutual recognition of cross-border insolvency proceedings

FSTB Consultation paper on new licensing regime for virtual assets services providers
FSTB Consultation paper on new licensing regime for virtual assets services providers 1400 935 Hauzen LLP
FSTB published consultation paper proposeing to introduce a licensing regime for virtual assets services providers (“VASPs”).  The consultation period ended on 31 January 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 1400 786 Hauzen LLP

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…

Consultation Paper on Outcome Related Fee Structures for Arbitration
Consultation Paper on Outcome Related Fee Structures for Arbitration 1400 788 Hauzen LLP
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.

HK Government Gazettes New Bills
HK Government Gazettes New Bills 1400 788 Hauzen LLP
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.
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