Global Employment Standards For Global Financial Institutions In Hong Kong

Mondaq Business BriefingHong Kong Law Articles in English (2007)

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Global Employment Standards For Global Financial Institutions In Hong Kong

Given the global nature of the financial markets, it is not uncommon for international banks, asset managers and other financial intermediaries to transfer senior staff from one office in one country to another office in another country. Some commentators believed that where such staff were transferred to Hong Kong, they would be undoubtedly be subject to Hong Kong employment law.

However, on November 28, 2007, in HSBC Bank plc v. Steven Andrew Wallace, the Cour...

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