On 16 June 2011, it was widely reported in the press that the Ministry of Industry and Information Technology was in the process of drafting a proposal which would see private sector permitting to invest in certain basic telecom business
The Court of First Instance has ruled that it does not have jurisdiction under section 213 of the Securities and Futures Ordinance (Cap. 571) ("SFO") to make a declaration that Tiger Asia Management LLC ("Tiger Asia") engaged in insider trading contrary to section 291(5) of the SFO.
Recent draft rules issued for public comment aim to clearly permit investors to inject equity as the registered capital of a foreign-invested enterprise ("FIE").
In the current economic climate, companies, their shareholders and other stakeholders will often take a hard look at the role of management in relation to any questionable transaction or other commercial problems.