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Results: 1-10 of 34

Contracts (Rights of Third Parties) Ordinance Now In Effect - Are You Ready?
  • Mayer Brown JSM
  • Hong Kong
  • January 4 2016

The Contracts (Rights of Third Parties) Ordinance (Cap. 623) ("the Ordinance") came into force on 1 January 2016. The new legislation applies to most


Suitability Requirement - Now a Contractual Obligation on Licensed and Registered Persons
  • Mayer Brown JSM
  • Hong Kong
  • February 5 2016

The Securities and Futures Commission (the "SFC") mandated the incorporation of the Suitability Requirement into client agreements as a contractual


Underwriting and selling of life insurance products in Hong Kong
  • Mayer Brown LLP
  • Hong Kong
  • September 2 2015

This legal update briefly summarises the recent guidelines issued by the OCI and HKMA: OCI Guidance Note 16 on Underwriting Long Term Insurance


A new era of insurance regulation in Hong Kong
  • Mayer Brown JSM
  • Hong Kong
  • September 11 2015

On 10 July 2015, the Insurance Companies (Amendment) Ordinance 2015 was enacted bringing Hong Kong into a new era of insurance regulation. The


Fraud exception in incontestability clause of life insurance policy upheld
  • Mayer Brown LLP
  • Hong Kong
  • July 4 2012

The Court of First Instance held in Ma Kim Ying v Manulife (International) Limited (HCA 19892008) that the incontestability clause was not applicable because of fraudulent misrepresentations by the life insured in the proposal form


Advertisement of unauthorised investments Court of Final Appeal clears up professional investors exemption under SFO
  • Mayer Brown JSM
  • Hong Kong
  • May 6 2015

In Pacific Sun Advisors Limited & Anor v. Securities and Futures Commission (FACC 112014), the Court of Final Appeal (CFA) upheld an appeal by the


Hong Kong tightens controls over sales of ILAS products
  • Mayer Brown LLP
  • Hong Kong
  • July 24 2013

Hong Kong regulators have tightened regulatory controls over the sale of Investment-Linked Assurance Schemes (ILAS) by imposing further requirements


Ignore pre-action letters at your peril
  • Mayer Brown LLP
  • Hong Kong
  • January 25 2010

The ruling in Wong Shui Lam v. Hospital Authority (HCPI 1512009) sends a message that failure by the defendant to respond to a claimant's pre-action letters may result in adverse costs orders on an indemnity basis


When does an insurance intermediary need to disclose commissions? Judgment from UK Supreme Court may provide some guidance
  • Mayer Brown JSM
  • United Kingdom
  • May 20 2015

In the UK Supreme Court's judgment of Plevin v. Paragon Personal Finance Limited UKSC 61, it was held that the failure to disclose a commission of 71


Establishment of a new Independent Insurance Authority in Hong Kong consultation conclusions
  • Mayer Brown JSM
  • Hong Kong
  • January 13 2014

In the near future, Hong Kong will have a new insurance regulator which is financially and operationally independent from the government - the