The new Companies Ordinance became effective today, 3 March 2014. It is a comprehensive rewrite of the previous Companies Ordinance and is intended to achieve four major objectives, namely, to enhance corporate governance, ensure better regulation, facilitate business and modernise the law. The changes and initiatives introduced by this new ordinance are extensive and will affect not only companies registered in Hong Kong but also their shareholders, directors, creditors and investors.
We have prepared a dedicated page on our website designed to help you navigate the key areas of change and their implications. Explore the links to our legal updates and articles under "News & Publications" which will help you understand how the new ordinance affects you and your organisation.