banking and finance

29Jan2019

Legal update: The New Profit Tax Exemption Regime for Funds in Hong Kong

Introduction The Inland Revenue (Profits Tax Exemption for Funds) (Amendment) Bill 2018 (“Bill”) which introduces a new set of preferential profit tax treatment for both eligible onshore funds and offshore funds, was published in the Government Gazette on 7 December 2018. The Bill, if made…Read More

18Sep2018

Pádraig Walsh to speak at HKU on Blockchain and Financial Institutions

We are delighted to announce that Corporate Commercial Partner Pádraig Walsh will be speaking at The University of Hong Kong’s Asian Institute of International Financial Law (AIIFL) on Friday 21 September. The topic of the talk will be Blockchain and Financial Institutions – Pandora’s Box or…Read More

30Jul2018

Legal update: Magistrate acquitted a broker of illegal short selling on re-trial

Case background Mr Wong Hung who was licensed to carry on Type 1 regulated activity (dealing in securities) under the Securities and Futures Ordinance (Cap. 571) (“SFO”) was charged by way of summons on 20 counts of illegal short selling. The Securities and Futures Commission…Read More

06Jun2018

Legal update: Ten myths about token sale regulation in Hong Kong

No part of the tech universe has a greater abundance of myths than the crypto space, and no part of the crypto space has a deeper black hole of urban legends than the weird and wonderful world of token sales. Here are some of the…Read More

24Jan2018

Legal update: SFC bans former Investment Counsellor for taking confidential client lists

The Securities and Futures Commission (“SFC”) announced on 22 January 2018 that under section 196(1)(iii) of the Securities and Futures Ordinance (“SFO”) it has banned former DBS Bank employee Mr Chan Wai-Nun from re-entering the industry for a period of 6 months, on the grounds…Read More