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Latest documents
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Key Regulatory Updates for Hong Kong Listed Companies - November/December 2024
The updates include market consultation, consultation conclusions and various guiding materials by the HKEX, and bills for amendments to the Companies Ordinance by the Hong Kong government.
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Hong Kong Stock Exchange Publishes Conclusions on Corporate Governance Code Enhancements
The Stock Exchange concluded to adopt the proposed amendments to the CG Code, with certain modifications based on market feedback.
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Buying and Selling Real Estate in Hong Kong (Updated)
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER HONG KONG LAW - Introduction - Hong Kong is one of the most densely populated cities over the world. Due to historical reasons, almost all lands in Hong Kong are leasehold tenures. Over the centuries, the Government leased or granted to individuals or corporations pieces of land for use or for development. Therefore, a sale and purchase of landed property in Hong Kong is in fact a transfer or assignment of a lease. In a sale and purchase transaction, the vendor agrees to sell and the buyer agrees to purchase both the legal estate and the equitable interest of and in the landed property. This article provides a brief introduction to land law in Hong Kong and sets out a summary of the procedures of the sale and purchase of landed properties in Hong Kong.
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Key Regulatory Updates for Hong Kong Listed Companies - July/August 2024
The updates include a consultation paper on a new phase of paper listing and a joint announcement on temporary modifications to requirements for specialist technology companies and de-SPAC transactions.
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Chambers Global Practice Guides: International Arbitration 2024 - Hong Kong
Arbitration is a popular mode of alternative dispute resolution in Hong Kong, used increasingly in cross-border commercial disputes and among international parties. In 2023, the Hong Kong International Arbitration Centre (HKIAC) recorded 281 new arbitration cases with a total amount of HKD92.8 billion (approximately USD12.5 billion) in dispute. Hong Kong was ranked as the third most popular arbitral seat worldwide in a 2021 survey by Queen Mary University of London. As one of the top international arbitration hubs, over 80% of administered arbitration submitted to HKIAC in the past three years was international in nature. Originally published by Chambers Global - September 2024.
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Key Regulatory Updates for Hong Kong Listed Companies - May/June 2024
The updates in May and June include a consultation conclusion and a consultation paper from the Stock Exchange. The key updates in May and June 2024 include the publication of the consultation conclusions on the Severe Weather Trading of Hong Kong Securities and Derivatives Markets and also a consultation paper on the Review of Corporate Governance Code and Related Listing Rules. The proposals as set forth in the consultation paper, if adopted, will affect the corporate governance structure of listed issuers. IPO applicants should be mindful of the considerations and potential impact, and implement appropriate mechanism and measures at an early stage to prepare for post-listing compliance with the proposed amendment to the Listing Rules and the CG Code.
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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.
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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.
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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.
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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.