Hong Kong Capital Markets Quarterly News -- October 2012


In This Issue:

Highlights of the new Hong Kong Companies Ordinance; New Listing Decisions; New Guidance Letters; Enforcement News; and Regulatory Watch

Excerpt from Highlights of the New Hong Kong Companies Ordinance -

On 12 July 2012, the new Companies Ordinance (CO) was passed by the Legislative Council, providing a modernized legal framework for the incorporation and operation of companies in Hong Kong. The new legislation aims to achieve four main objectives, namely to: enhance corporate governance, ensure better regulations, facilitate business and modernize the law. To facilitate its implementation, over ten regulations will have to be made in 2013-14. The new CO is expected to commence operation in 2014. We set out below the major highlights of the new CO...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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