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What Schrems II means for EU data transfers to Hong Kong
On 25 June 2013, Maximillian Schrems, an Austrian national, applied to the Data Protection Commissioner in Ireland to prohibit Facebook from transferring his personal data to the United States. Seven years later, that application has resulted in a judgement of the European Court of Justice…Read More
Enforcement of Judgment or Order by way of Charging Order and recent decided cases
Introduction Where a creditor has obtained a judgment or order against a debtor, the creditor can enforce the judgment or order by imposing a charging order on the properties as set out in section 20A of the High Court Ordinance (Cap. 4) (“HCO”), which are:-…Read More
Hong Kong: Arbitration hub in the Greater Bay Area
Arbitration has become the leading process for resolving international business disputes in Hong Kong as the region sees an increasing number of matters involving the Guangdong-Hong Kong-Macau Greater Bay Area. This article originally appeared in DutchCham Magazine’s July 2020 issue. Hong Kong is widely recognised…Read More
Key Points in the SFC Consultation Paper on Proposed Amendments to the REIT Code
The Hong Kong Securities and Futures Commission (“SFC”) released a consultation paper on 9 June 2020, proposing amendments to the Hong Kong Code on Real Estate Investment Trusts (“REIT Code”), to invite market participants and interested parties to comment on the proposed amendments. Pádraig Walsh…Read More
Legal update: Statutory maternity leave extended to 14 weeks (but change may not take effect until end of 2020)
On 17 July 2020, the Government published the Hong Kong Employment (Amendment) Ordinance 2019 (“Amendment Ordinance”) in the Gazette. The Amendment Ordinance increases the statutory maternity leave entitlements under the Employment Ordinance (Cap 57) in Hong Kong from 10 weeks to 14 weeks, to be…Read More
Managing Down Rounds in Venture Capital Fundraising
There is a global recession presently that has made fundraising a difficult task. Investors are looking to support their existing portfolio. Fresh capital deployment is scarce. There is real pressure on valuations. Many young businesses that have taken venture capital are running out of runway,…Read More
The new Limited Partnership Fund regime of Hong Kong
Private Equity (“PE”) funds play a critical role in providing growth capital to companies especially pre-IPO companies and unicorns. The past few years have witnessed the burgeoning development of PE funds across Asia-Pacific, in particular Hong Kong and Mainland China. PE funds have also gained…Read More
Asset Recovery Lawyer Jeff Lane on tracing fraud proceeds and more
Below, in an interview with Who’s Who Legal who ranks Jeff as a Global Elite Thought Leader for Asset Recovery in their 2020 Edition, Partner Jeff Lane answers a range of questions addressing the ever-changing methods of fraudsters as well as his background and inspirations…Read More
HKIAC permitted to administer corporate disputes in Russia upon award of PAI status
As of 25 April 2019, the Hong Kong International Arbitration Centre (“HKIAC”) is the first foreign arbitral institution permitted by the Russian Ministry of Justice to function as a permanent arbitral institution (“PAI”) under Article 44(3) of the Federal Law No. 382-FZ dated 29 December…Read More
Tanner De Witt sponsors Security Law & Compliance Conference series in Shanghai in June 2020
Tanner De Witt is pleased to support as Gold Sponsor this popular conference series in China. Corporate and Commercial solicitor Peter Tang is in Shanghai this week to attend The Annual China Cyber Security Law & Compliance Conference, The Annual China Intellectual Property Conference and The China…Read More
Ian De Witt and Jeff Lane speaking at Thought Leaders FIRE virtual event
Partners Ian De Witt and Jeff Lane will be speakers at Thought Leaders FIRE Asia Virtual event on 30 June and 1 July. Jeff’s session on 30 June is, “The Crucial First Few Hours” and begins at 5:05 pm HKT and will cover best practices…Read More
Hong Kong Wage Subsidy Update 5 – Reminder: Deadline to apply for 1st tranche of Employment Support Scheme (ESS) closes on Sunday, 14 June 2020 at 23:59 HKT
A reminder for any employers intending to apply for the first tranche of the Employment Support Scheme (ESS) in Hong Kong that applications will close this coming Sunday, 14 June 2020 at 23:59 HKT. The application needs to be made online via the ESS portal…Read More
