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COVID-19 and the Competition Ordinance
In light of the recent COVID-19 outbreak, the Competition Commission (“Commission”) issued a press release on 27 March 2020 on the application of the Competition Ordinance (Cap 619) (“Ordinance”) in terms of the supply of critical goods and services in Hong Kong. The Commission recognises…Read More
Change is coming: An update on proposed changes to the Personal Data (Privacy) Ordinance
Two major data breach incidents in 2018 involving Cathay Pacific and TransUnion are now driving long overdue legislative change to personal data privacy protection in Hong Kong. On 20 January 2020, the Constitutional and Mainland Affairs Bureau, in collaboration with the Privacy Commissioner of Hong…Read More
Legal update: SFC clarifies obligations on licensed corporations using cloud-based storage for keeping records with “external electronic data storage providers”
Under section 130 of the Securities and Futures Ordinance (Cap 571) (SFO), a licensed corporation shall not, without the Securities and Futures Commission’s (SFC) prior written approval, use any premises for keeping records or documents relating to the carrying on of the regulated activity for…Read More
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
Asialaw 2020 rankings announced
Tanner De Witt is delighted to announce Asialaw’s 2020 rankings of domestic law firms which can be found here. Each firm ranking is divided into the following categories: Outstanding; Highly recommended; Recommended; and Notable. Besides the ranking for our private client practice (which is new…Read More
Tanner De Witt hosts two-part Tech Talk series on Security Token Offerings
A select group of industry insiders gathered at the Tanner De Witt office over two Wednesdays (10 and 17 April) to attend our two-part TDW Tech Talk event series “A toolkit for conducting a Security Token Offering”. The first part of the event series saw…Read More
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
Legal update: When do judges refer matters to prosecuting authorities and regulatory bodies for consideration of criminal behaviour or regulatory misconduct?
Introduction When judges learn of a possible crime or professional misconduct during the trial of a matter, they sometimes refer the factual issues to the Secretary for Justice (“SJ”) and/or regulatory bodies for further investigation. In most cases judges do not specify whether they are…Read More
Asialaw 2019 rankings announced
Tanner De Witt is delighted to announce Asialaw’s 2019 rankings of domestic law firms which can be found here. Each firm ranking is divided into the following categories: Outstanding; Highly recommended; Recommended; and Notable. All of our firm rankings, as in previous years, are ‘Highly recommended’…Read More
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
Pádraig Walsh speaks at Dutch Chamber of Commerce cryptocurrency event
Corporate and Commercial Partner Pádraig Walsh was one of two speakers in today’s Dutch Chamber of Commerce breakfast event “Cryptocurrencies are here to stay! And now what?“. Co-presenter Wayne Trench of Octagon discussed the opportunities of cryptocurrencies, while Pádraig presented the challenges, considerations and constraints from…Read More
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
