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Mutual recognition of insolvency in Hong Kong and mainland China - first steps

China - May 18 2021 On 14 May 2021, the Vice-President of the Supreme People’s Court of the PRC and the Hong Kong Secretary for Justice signed a brief Record of Meeting…

Alexander Aitken, Jojo Fan, Peter Ng.

APAC Monthly Private Wealth Legal Developments - April 2021

Hong Kong, India, Malaysia, Philippines, Singapore, Thailand - April 20 2021 Every month we survey ten Asian jurisdictions for legal developments concerning trust and estate planning which are of interest to the private wealth…

Hannah Cassidy, Richard Norridge.

Banks may rest assured as Hong Kong Court refuses to expand scope of Quincecare duty

Hong Kong, United Kingdom - April 19 2021 In the recent case of Luk Wing Yan v CMB Wing Lung Bank Ltd [2021] HKCFI 279, the Hong Kong Court of First Instance (the “Court”) found that the…

Dominic Geiser, Jojo Fan, Priya Aswani.

English High Court finds alleged frustration of contract due to COVID-19 pandemic is not sufficiently arguable to grant injunction restraining demand under letter of credit

United Kingdom - March 26 2021 The English High Court has dismissed an application for an injunction to prevent an airline group from making demands under bank-confirmed standby…

Dominic Geiser, Jojo Fan, Priya Aswani.

Hong Kong Court of First Instance lays the foundation for disclosure orders against bank accounts in overseas branches of Hong Kong banks

Hong Kong - March 25 2021 In the recent case of A1 and Another v. R1 and Others [2021] HKCFI 650, the Court of First Instance has, for the first time in a reported Hong Kong…

Dominic Geiser, Jojo Fan.