The Hong Kong Stock Exchange (the Exchange) has published a news release (see archive) providing information on the new listing applications it has received since the new regulatory regime for sponsors came…
Archived Post for "Hong Kong Law"
SFC Proposes Amendments to the Code on REITs
The Securities and Futures Commission (SFC) is conducting a consultation on allowing Real Estate Investment Trusts (REITs) greater flexibility to invest in properties under development and financial instruments…
Rule Amendments – Annual Listing Fees FAQs Following the New Companies Ordinance
The new Companies Ordinance of the laws of Hong Kong (Cap. 622) (New Companies Ordinance) came into force on 3 March 2014. The Exchange has published Listing Rule Amendments and Frequently-Asked-Questions…
New Companies Ordinance – Relating to Memorandum, Articles of Association
The New Companies Ordinance (Cap. 622) (the New CO) will come into force on 3 March 2014. Following commencement of the New CO, the current Companies Ordinance (Cap. 32) (the Old CO) will be retitled as the…
Hong Kong Companies Ordinance-Schemes Amalgamations
The Old CO provides that where a scheme is proposed between a company and its members or creditors (or any class of them), the court may order a meeting of the members or creditors (or relevant class). If a…
New Companies Ordinance – Financial Reporting
The Old CO allows a listed company to send a summary financial report to its members and debenture holders in place of the accounts, directors’ and auditors’ reports normally required to be sent, provided it…
New Companies Ordinance – Registration of Charges
To remove uncertainty and dispense with redundant items, the following changes have been made under the New CO: a charge on an aircraft or any share in an aircraft is expressly made registrable;a charge on…
New Companies Ordinance – Company Administration and Procedure
Under the Old CO, a private company (other than a company which is a member of a corporate group and certain companies specifically excluded, such as insurance and stock-broking companies) may, with the…
New Companies Ordinance – Share Capital
The New CO adopts a mandatory system of no-par for all Hong Kong companies with a share capital and abolishes the concept of par (or nominal) value of shares. On the commencement of the New CO, a Hong Kong…
New Companies Ordinance – Changes Affecting Directors
The New CO codifies a director’s duty to exercise reasonable care, skill and diligence. Section 465 of the New CO requires a director to exercise reasonable care, skill and diligence, meaning the care, skill…