Hong Kong Law

The amendments to the Listing Rules relating to the Code on Corporate Governance Practices (the Code) and the Corporate Governance Report to be included in listed companies’ annual and summary annual reports have…

The Stock Exchange of Hong Kong Ltd. (the “Exchange”) and the SFC have issued amendments to the Main Board and GEM Listing Rules including a new practice note on sponsor’s due diligence as the first of 2 stages of…

General Requirements : the materials must not contain any substantive information not contained in the prospectus nor anything that is inconsistent with the information in the prospectus;the contents must not be false…

The Companies (Amendment) Ordinance 2004 (the ‘Amendment Ordinance’) was enacted on July 23, 2004 and is expected to come into effect towards the end of this year after the publication of a commencement notice in…

The Rules have been amended to require the prior approval of shareholders (other than the relevant director and his associates) for a service contract that is to be granted to a director of the listed issuer or any…

The Stock Exchange of Hong Kong (the Exchange) published draft amendments to the Main Board and GEM Listing Rules relating to the regulation of sponsors and independent financial advisers (IFAs) on May 4, 2004.

Voting by poll (rather than by show of hands) is required for: connected transactions; all resolutions requiring independent shareholders’ approval; granting of options to a substantial shareholder, an INED or any of…

The Companies (Amendment) Ordinance 2003 (the CAO) is the first of a series of ordinances amending the Companies Ordinance (the CO) and will come into effect on February 13, 2004. The CAO implements certain corporate…

The first phase of a 3 phase exercise to overhaul the regulatory regime for offers of shares and debentures has been completed. Phase 1 comprised the following initiatives: SFC Guidelines permitting the issue in…

Part IV of the Securities and Futures Ordinance (the SFO) which came into effect on April 1 2003 regulates the offer of investment products to the public in Hong Kong. It builds on the provisions of the repealed…

One of the significant innovations introduced by the Securities and Futures Ordinance (the SFO) which came into effect on 1 April 2003 is its streamlining of the licensing regime which was previously spread over four…

The SFC issued a revised outline (see archive) of Part XV of the Securities and Futures Ordinance (SFO) on 6 August (the Outline) which summarises the provisions of Part XV and contains detailed examples of how they…