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Results: 1-10 of 33

Implications of Hong Kong’s new commitment to conform with the latest international standard of tax information exchange

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • March 2 2010

Amid the global trend towards greater transparency in tax administration and closer cooperation between tax authorities, Hong Kong has so far lagged behind other developed economies in failing to incorporate in its double taxation agreements the latest Organisation for Economic Co-operation and Development cross-border tax information exchange standard

Due diligence record keeping: what the regulators expect

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • November 18 2009

On 27 July this year, a sponsor was disciplined by the Securities and Futures Commission ("SFC") for failing to keep proper books and records of certain work that it had performed in the course of due diligence ("DD"

Hong Kong legislature passed bill to allow conformity with latest international standard of tax information exchange

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • January 11 2010

The Legislative Council of Hong Kong last Wednesday passed the Inland Revenue (Amendment) (No. 3) Bill 2009

Regulator triumphs as issuer is delisted

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • January 15 2010

The shares in Sanyuan Group Limited have recently been delisted from the Hong Kong Stock Exchange after a suspension of over five years and seven months

Insurance regulatory reform an independent insurance authority proposed

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • July 22 2010

The Financial Services and Treasury Bureau has recently launched a three-month public consultation on the "Proposed Establishment of an Independent Insurance Authority"

Mediating in Hong Kong: issues you will need to consider

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • January 7 2010

A new Practice Direction 31 (PD 31) on Mediation published by the Judiciary came into effect on 1 January 2010

Hong Kong Court of Final Appeal clarifies law of sovereign immunity in Hong Kong, with important implications for contracts with state entities

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • June 27 2011

In a landmark provisional judgment in Democratic Republic of the Congo v. FG Hemisphere Associates FACV Nos. 5, 6 & 7 of 2010, the Hong Kong Court of Final Appeal (CFA) has held by a majority of 3:2 that absolute sovereign immunity applies in Hong Kong, with no exception for purely commercial transactions or assets

Hong Kong proposes new legislation to protect the confidentiality of mediations

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • November 24 2011

The recently gazetted Mediation Bill (the "Bill") aims to protect the confidential nature of any "mediation communication", which is any communication made for the purpose of or in the course of mediation

Court imposes custodial sentences for false statements of truth

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • October 12 2011

In the recent case of Kinform Ltd v Tsui Loi (DCMP 9472011), the Hong Kong District Court found two defendants guilty of contempt of court for verifying, or causing to be verified, a false statement by a statement of truth, and handed down immediate custodial sentences of five and six months respectively

Standing Committee of the National People's Congress gives interpretation in Democratic Republic of the Congo v. FG Hemisphere Associates: sovereign immunity in Hong Kong is confirmed to be absolute

  • Herbert Smith Freehills LLP
  • -
  • Hong Kong
  • -
  • September 1 2011

The Standing Committee of the National People's Congress ("SCNPC") has given its interpretation of certain questions referred to it by the Hong Kong Court of Final Appeal ("CFA") in its landmark provisional judgment in Democratic Republic of the Congo v. FG Hemisphere Associates

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