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  • HKIAC’s 2024 Administered Arbitration Rules Come Into Force

    The 2024 Rules significantly improve Hong Kong’s arbitration framework, aiming to increase the efficiency of proceedings and clarify the tribunal’s powers. The Hong Kong International Arbitration Centre’s (HKIAC’s) newly released 2024 Administered Arbitration Rules (2024 Rules) came into effect on 1 June 2024.

  • Are You Ready for a Hong Kong IPO?

    With deep and liquid capital markets offering unique access to the Mainland China investor market, many international businesses are considering pursuing their IPOs in Hong Kong. This summary outlines key issues for companies preparing to pursue an IPO in Hong Kong, with a particular focus on those features that are distinctive from the requirements in other IPO markets, and includes an illustrative timeline for a Hong Kong listing.

  • Key Regulatory Updates for Hong Kong Listed Companies - March/April 2024

    The updates include two consultation conclusions from the Stock Exchange of Hong Kong Limited and notice from the Companies Registry. The key updates in March and April 2024 include the publication of the consultation conclusions on enhancement of climate-related disclosures and also the consultation conclusions on treasury shares, which resulted in amendment to the Listing Rules and publication of other guidance materials such as new FAQs and implementation guidance. Issuers are advised to familiarise themselves with the updated Listing Rules and relevant guidance materials.

  • All’s Well for Keepwell Deeds?

    A recent ruling by the Hong Kong Court of Appeal has strengthened the robustness of keepwell deeds as enforceable English law governed obligations. The Hong Kong Court of Appeal has unanimously upheld the appeals of the liquidators of offshore bond-issuance companies (the appellants) of the Peking University Founder Group Company Limited (PUFG) concerning whether PUFG, as the keepwell provider, breached the keepwell deeds which support the bonds.

  • Listing Rules Amendments Enhance Climate-Related Disclosures for Hong Kong Listed Companies

    The amendments, which will become effective from 1 January 2025, aim to reflect the ISSB Climate Standards to the maximum extent possible. In April 2024, the Stock Exchange of Hong Kong Limited (the Exchange) released the consultation conclusions (the Consultation Conclusions) to its earlier Consultation Paper on Enhancement of Climate-related Disclosures under the Environmental, Social, and Governance (ESG) Framework (the Consultation Paper). The concluded measures will amend the existing ESG framework to mandate Hong Kong listed issuers to make climate-related disclosures (the New Climate Requirements) based on the IFRS S2 Climate-related Disclosures published by the International Sustainability Standards Board (ISSB) in June 2023 (the ISSB Climate Standard). The amended Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules) will come into effect on 1 January 2025.

  • Hong Kong Court Resolves Conflicting Authority on Trust Claims

    This resolution is important for contractors’ rights to retention monies in construction contracts. The Hong Kong Court of First Instance (CFI) held in a recent judgment that, whilst the absence of segregation is not necessarily fatal to a trust, a valid trust cannot be formed due to lack of certainty of subject matter unless the money in question is part of a “sufficiently identifiable bulk”. This decision clarifies the nature of a contractor’s rights over retention monies in construction contracts, particularly when the employer becomes insolvent.

  • Key Regulatory Updates for Hong Kong Listed Companies - January/February 2024

    The updates include a report from the Stock Exchange of Hong Kong Limited on review of issuers’ annual reports, a summary of private reprimands, and disciplinary actions.

  • My Other Full-Time Job
  • Proofs Of Debt: Looking Behind A Default Judgment
  • Living Wills In Hong Kong: Empowering Individuals Through Enduring Power Of Attorney And Advance Directives

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