+852 2573 5000
Padraig Walsh
Legal Update: Developments in virtual asset regulation in Hong Kong
In this snapshot legal update, we report on various announcements and policy updates announced during Hong Kong FintechWeek in respect of virtual assets (“VA”). On 31 October 2022, the Securities and Futures Commission (“SFC”) issued a circular on virtual asset futures exchange-traded funds (“VA Futures…Read More
Data Transfers: Protecting personal data by contractual means
The personal data protection regime in Hong Kong does not contain a statutory restriction on the transfer of personal data outside Hong Kong. However, this does not mean that there are no protections in respect of cross-border personal data transfers. In this article, Pádraig Walsh…Read More
Data Transfers: Frameworks for organising cross-border data transfers
There are serious legal consequences to a mishandled cross-border personal data transfer. In this article, Pádraig Walsh from our Data Privacy practice explores the steps a business should take when conducting an international data transfer process. Policy and process Good practice does not happen by…Read More
Data Transfers: The ground rules in Hong Kong
The starting point for understanding data transfers under Hong Kong law is to understand the interpretation of key data privacy concepts in Hong Kong. This may seem obvious first principles, but as Pádraig Walsh from our Data Privacy practice explains, sometimes those principles are same…Read More
Legal update: Security assessment measures on PRC cross-border data transfers
In this snapshot legal update, the Office of the Privacy Commissioner for Personal Data (“PCPD”) reminded businesses in Hong Kong to take timely follow-up actions and seek professional advice to comply with the relevant requirements of the Security Assessment Measures on Cross-border Transfers of Data…Read More
Legal update: SFC review of online investment services
In this snapshot legal update, we report that on 31 August 2022, the Securities and Futures Commission issued a circular to licensed corporations in relation to the SFC’s review of online brokerage, distribution and advisory services (the “Circular”). The SFC conducted a review of the…Read More
Key Terms of Shareholder Agreements for Investment
1. Overview A shareholder agreement is an agreement between the shareholders of a company. Shareholder agreements establish additional rights and obligations between the shareholders themselves, and supplement the rights under Articles of Association. As Articles of Association are public, often the shareholders wish to set…Read More
Legal update: Consultation on proposed acceptance of commitments from seven car distributors
In this snapshot legal update, we report that on 1 August 2022, the Competition Commission commenced a consultation on its proposal to accept legally binding commitments (“Proposed Commitments”) from seven car distributors (covering 17 car brands) (“Distributors”) relating to their restrictive warranty terms and conditions…Read More
Pádraig Walsh is an Asian Legal Business Super 50 TMT Lawyer for 2022
This past year, the Tanner De Witt TMT team advised on the full range of common TMT issues, including licensing, technology procurement and integration, subscription service arrangements, virtual asset regulation, data protection, cyber, telcom regulation, and venture capital and corporate transactions. We thank our clients…Read More
Equity Incentive Plans
1. What is an equity incentive plan? An equity incentive plan is a scheme adopted and approved by a company that sets out rules that apply to a contract between a company and an individual to provide the individual an interest in or linked to…Read More
Subscription Agreements for Investment
Overview A subscription agreement sets out the terms of an equity investment into the company. It will set out the commercial terms of the investment such as the subscription price for shares, and the class and number of shares to be purchased. It will bind…Read More
Legal update: Law Reform Commission public consultation on new cyber-crimes
In this snapshot legal update, we report that on 20 July 2022, the cybercrime sub-committee of the Law Reform Commission published a consultation paper with its recommendations to introduce five new cyber crimes into law in Hong Kong. The consultation paper followed a comparative and…Read More
