Hong Kong Legal Articles & Insights

The Hong Kong government is expected to introduce a new redomiciliation regime for foreign companies in Hong Kong in early 2024. Following similar legislation which was implemented in Hong Kong in 2021 for open ended funds companies (OFC), Hong Kong is set to extend its redomiciliation regime for general companies, which certainly increases Hong Kong’s incorporation attraction.

The new ordinance for reciprocal recognition of judgements between HK and the Mainland will help cross-border parties do business

The European Union’s Corporate Sustainability Reporting Directive (CSRD) marks a profound transformation in ESG regulation compliance

Author: Yini Wu , Company Secretary / Paralegal The Hong Kong Company Registry (the "Registry") continues its implementation of a Unique Business Identifier (the "UBI") for all entities under the administration of the Registrar; a project originally started in November 2021. The Business Registration Number (the "BRN”), which is given to a company during its incorporation process by the Business Registration Office of the Inland Revenue Department (the "IRD") in Hong Kong, wi

Author: Stefan Schmierer, Managing Partner Good news for frequent travelers to China, and for those who have always wanted to visit but were deterred by the visa application procedure: Mainland China has launched a trial visa-free travel policy for 5 EU nationalities, namely France, Germany, Italy, the Netherlands, Spain, and Malaysia. As announced by the Ministry of Foreign Affairs of the PRC, this policy starts on December 1, 2023 and will last for one year. From the outset

The German "Act on Corporate Due Diligence to Prevent Human Rights Violations in Supply Chains" (LkSG) took effect in 2023, requiring companies in Germany to implement risk management systems and report on their measures. Vague reporting requirements led to confusion, prompting authorities to introduce a detailed questionnaire. Although still complex, the questionnaire provides guidance. Nevertheless, in-depth preparation and involvement of external advisors is advisable.

Hong Kong has taken a significant step in addressing the economic well-being of its workers by raising the minimum wage from $37.5 to...

The Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (“CO”), alongside provisions of the companies’ own articles of association, govern the mode of holding general meetings of shareholders for Hong Kong incorporated companies. In accordance with section 584 of the CO, a company may hold a general meeting in two or more locations using any technology that allows company members who are not in the same location to listen, speak, and vote at the meeting.

The 2023-24 budget was released today, 22 February 2023, by Hong Kong's financial secretary, with the following key highlights: Economic...