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News & Analysis

Court Ruling as to the Issue of Internal Control in the Korean Financial Sector

24 September 2021 by Soonghee Lee, Jeongsu Park

In Korea, investors and selling financial companies are in a difficult situation due to the postponement of redemptions of private equity funds from the second half of 2019.

News & Analysis

Where to bring a claim in a dispute between employer and employee in Hong Kong – the Labour Tribunal or the Court?

20 September 2021 by LC Lawyers

The Hong Kong Labour Tribunal offers a comparatively quick, informal and inexpensive way of settling monetary disputes between employees and employers as compared to the Courts of Hong Kong. This makes it an attractive venue, particularly to employees with limited resources.

News & Analysis

A salutary lesson for partners: you are liable for your firm’s anti-competitive practices even if you were not involved in them

13 September 2021 by LC Lawyers

In our earlier publication “A sign of things to come: Hong Kong competition enforcement developments and trends”, we reported on the Competition Tribunal (the “Tribunal”)’s imposition of pecuniary penalties totaling HK$3.97 million on 10 contractors who breached the first conduct rule by participating in a market-sharing and price-fixing arrangement in relation to decoration work in a public housing estate.

News & Analysis

An employee or an independent contractor?

27 August 2021 by LC Lawyers

The COVID-19 pandemic present challenges on important people issues and has drastically changed many workplace aspects. Businesses have responded by restructuring its workforce to save costs and remain agile.

News & Analysis

Electronic communication service providers to note imminent change in Hong Kong’s data protection regime

18 August 2021 by LC Lawyers

On 16 July 2021, the Hong Kong SAR Government introduced the Personal Data (Privacy) (Amendment) Bill 2021 (the “Amendment Bill”) to the Legislative Council for the purposes of criminalizing doxxing.

News & Analysis

Hong Kong’s pivotal role as the Greater Bay Area’s dispute resolution center

20 July 2021 by LC Lawyers

Hong Kong has a pivotal role in the Greater Bay Area (“GBA”). Comprising the nine Mainland China cities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing and the Special Administrative Regions (“SARs”) of Hong Kong and Macao, the GBA spans an area of 56,000 km2 with a combined population of over 72 million[1] and ranks as the world’s 12th largest economy[2].

News & Analysis

How can General Counsel turn barriers into building blocks?

09 July 2021 by LC Lawyers

It is anticipated that the business landscape is ready for growth as we move out of the first quarter of 2021. In addition to the anticipated opportunity, many businesses are considering how to address long-term challenges and achieve sustainability.

News & Analysis

HKEX's New Amendments to the Listing of Debt Securities

09 July 2021 by LC Lawyers

On 21 August 2020, The Stock Exchange of Hong Kong Limited (the “HKEX”) published a consultation conclusion on “Review of Chapter 37 – Debt Issues to Professional Investors Only” (the “Consultation Conclusions”)

News & Analysis

Hong Kong Stock Exchange enhances the disciplinary regime under the Listing Rules

09 July 2021 by LC Lawyers

The Stock Exchange of Hong Kong published its conclusions to its consultation paper on proposed changes to disciplinary powers and sanctions

News & Analysis

Setting up a family trust in Hong Kong

09 July 2021 by LC Lawyers

The trust assets could be protected from seizure by creditors if the settlor subsequently becomes bankrupt.