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Latest documents
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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.
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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.
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