Legal Updates

18Sep2019

Legal update: TCSP licensees – assessing risk and keeping records

Since 1 March 2018 any person who intends to carry on a trust or company service business in Hong Kong (i.e. a trust and company service provider (“TCSP”)) is required under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) to apply for a licence from…Read More

12Sep2019

Legal update: Arbitration clauses and insolvency proceedings revisited

Introduction In a recent Court of Appeal judgment, But Ka Chon v Interactive Brokers LLC[1] (“But Ka Chon”), Tanner De Witt was successful in resisting an appeal by a debtor who had sought to set aside a statutory demand issued by a leading online trading…Read More

23Aug2019

Legal update: “blue pencilling” restrictive covenants post Tillman v Egon Zehnder

The UK Supreme Court handed down judgment in Tillman v Egon Zehnder [2019] UKSC 32 on 3 July 2019. This judgment is important as it clarifies the principles of “severance” applicable to post-termination restrictive covenants under which the Court is able to sever or remove…Read More

19Aug2019

Legal update: The complaint process in domestic violence cases

There is no criminal offence of “domestic violence”.  Domestic violence is a general term used to describe all acts of violence; threatening behaviour; physical, sexual or emotional abuse used by one person to control or dominate another, in a family environment.  An assailant can be…Read More

08Aug2019

Legal update: An introduction to statutory insolvency set-off

Business relationships are not straightforward, and a company can be a supplier and a purchaser at the same time. It is not an uncommon practice for companies to off-set their debt owed to another company with the receivables they should be receiving from that same…Read More

05Aug2019

Legal update: Privacy, Politics and Protests: Perspectives on privacy issues in Hong Kong

Personal data privacy is often seen as one of the lesser legal rights in this part of the world. You are in a coffee shop, and click through the free wifi Terms of Use. You’re using a new site to buy an experience holiday, and…Read More

25Jul2019

Legal update: A Beneficiaries’ right to request information from Trustees

The principles established in Schmidt v Rosewood Trust Ltd [2003] relating to a beneficiaries’ right to request information from trustees was recently confirmed by the England & Wales High Court in Lewis v Tamplin [2018]. In Lewis the settlor set up a trust and left…Read More

17Jul2019

Legal update: What you need to know about convertible loan notes

This article was originally published on Zegal.com as “Everything You Need To Know About Convertible Loan Notes”. My present favourite startup financing document is the convertible loan note. Ask me next week, and it will be something else. The convertible loan note has enough good…Read More

06Jun2019

Legal update: Landmark decision by HK CFA to allow civil service spousal benefits and joint tax assessments to same sex couples

On 6 June 2019 Hong Kong’s Court of Final Appeal handed down a landmark unanimous decision allowing same sex couples to enjoy equal spousal benefits in civil service and to file joint tax assessments in Hong Kong. Facts The Appellant, Leung Chun Kwong, a Hong…Read More

04Jun2019

Libel update: Definitions of words used in social media posts not to be found in dictionaries!

In a recent high-profile Facebook libel case following an acrimonious divorce in Stocker v Stocker, the UK Supreme Court has ruled that when determining the natural and ordinary meaning of words published on social media – fleeting and hastily written – the First Instance Judge…Read More

21May2019

Legal update: Increase of Statutory Minimum Wage effective 1 May 2019

Effective from 1 May 2019, the rate of Statutory Minimum Wage has been increased from HK$34.50 to HK$37.50 per hour.  The monetary cap on the requirement of employers recording the total number of hours worked by employees has also been revised to HK$15,300 per month. …Read More

17Dec2018

Legal update: SFC and CSRC signs Memorandum to Enhance Cooperation and Exchange of Information

The Securities and Futures Commission (“SFC”) has announced on 3 December 2018 that it has entered into a memorandum of understanding (“MoU”) with the China Securities Regulatory Commission (“CSRC”), regarding the cooperation and exchange of information in connection with the supervision and oversight of regulated…Read More