JD Supra Hong Kong

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Law Firm

Latest documents

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

Featured documents

• Hong Kong Capital Markets Quarterly News -- October 2012

  In This Issue: Highlights of the new Hong Kong Companies Ordinance; New Listing Decisions; New Guidance Letters; Enforcement News; and Regulatory Watch Excerpt from Highlights of the New Hong Kong Companies Ordinance - On 12 July 2012, the new Companies Ordinance (CO) was passed by...

• Better, Faster, Cheaper: Revised Arbitration Rules in Hong Kong

  The Hong Kong International Arbitration Centre (HKIAC) Administered Arbitration Rules 2013 align the jurisdiction with international best practices. The HKIAC has updated its popular rules for administered arbitration. The 2013 Rules, which come into force on 1 November 2013, address...

• "Hong Kong Regulatory Update"

  This Hong Kong regulatory update is intended to provide a brief overview of the principal Hong Kong regulatory developments in the preceding three months relevant to companies listed or proposed to be listed on The Stock Exchange of Hong Kong Limited (the HKEx) and their advisers, including HKEx...

• "HKEx Will Proceed With Formal Consultation on Weighted Voting Rights"

  On 19 June 2015, the Stock Exchange of Hong Kong Limited (HKEx) published conclusions to its concept paper on weighted voting rights (Concept Paper), announcing that it will proceed with conducting a formal consultation process to review the current regulatory framework. Specifically, the HKEx will ...

• What you need to know about Hong Kong Competition Law (Part 6) - Practical Compliance with the Competition Ordinance

  The implementation of the new Competition Ordinance (Chapter 619 of the Laws of Hong Kong) (the Competition Ordinance) on 14 December 2015 will mark the first time that Hong Kong has a general and cross-sector competition law....

• Hong Kong Securities Laws Violations: SFC’s Case Against Moody’s – Part 2

  On March 31, 2016, the Securities and Futures Appeals Tribunal (“SFAT”) upheld the disciplinary action of the SFC against Moody’s. This landmark decision is the first of its kind, as a disciplinary action brought by the Securities and Futures Commission (“SFC”) against a credit ratings agency since ...

• The Commencement of the Shenzhen-Hong Kong Stock Connect – a New and Direct Way to Access China's Capital Market

  Following the official launch of the Shanghai-Hong Kong Stock Connect ("Shanghai Connect") on 17 November 2014, the Hong Kong Securities and Futures Commission ("SFC") and the China Securities Regulatory Commission ("CSRC") made a joint announcement on 16 August 2016 ("2016 Joint Announcement"), to ...

• Hong Kong court upholds bar on stand-alone private actions under the Competition Ordinance?

  The Hong Kong Competition Ordinance ("Ordinance") does not currently provide for the right to bring stand-alone private actions for contraventions of competition rules. In a decision handed down on 27 April 2017, the High Court for the first time confirmed that private litigants could not subvert...

• SFC (the “Commission”) Expresses Concern over Irregularities in Asset Management Activities

  •The Commission has identified a number of regulatory concerns with respect to private funds and discretionary accounts, in particular, funds with concentrated, illiquid and interconnected investments. •The Commission has reminded asset managers and their senior management to maintain...

• Winding-up Petition v Arbitration Clause: Hong Kong Court Dismisses Winding-up Petition in Favor of Arbitration Clause

  On 2 March 2018, the Hong Kong Court of First Instance (“CFI“) issued a notable decision which signifies a development of Hong Kong law in the contexts of insolvency and arbitration. ...