Industry Insights

Headlines in some of the local press towards the end of last year to the effect that the new head of the Competition Commission (the Chief Executive Officer, not to be confused with a “Sheriff”)...
January 2018
On 24 November 2017, the State Administration of Foreign Exchange (“SAFE”) issued the Notice on Perfecting the Foreign Exchange Administration of Outbound Guarantees of Foreign Loans by Domestic...
January 2018
For a jurisdiction that is apparently at times a bit light on “shareholder activism”, you would not know it judging from court applications by qualifying shareholders for inspection of corporate...
January 2018
In July 2016, the UK Supreme Court delivered its decision in Willers v Joyce & Anor [2016] UKSC 43, and, by 5:4 majority, held that the tort of malicious prosecution of civil...
January 2018
  According to the website of the State Council Information Office (SCIO), vice finance minister Zhu Guangyao announced at a press briefing held on 10 November 2017 that China would relax and...
January 2018
When the increase in the solicitors’ hourly rates for party and party taxation in the civil courts in Hong Kong was announced in December 2017 there was little or no fanfare. The “benchmark” hourly...
January 2018
  On 24 November 2017, the Ministry of Human Resources and Social Security (MHRSS) issued a notice declaring the Fifth Batch of Documents as invalid and repealed. The list of repealed...
January 2018
Following the rapid development of the Shanghai / Shenzhen Stock Exchange Market (“SSE / SZSE”) and the ChiNext Market (“ChiNext”) in China over recent years, an increasing number of judgments on the...
December 2017
Securities and Futures Commission v Lee Kwok Wa & Ors, CACV 33/2016, 9 November 2017, is an appeal that arises out of (among other things) the application of s. 300 of the Securities and Futures...
December 2017
It has been more than two months since China’s central bank banned initial coin offerings (ICOs) as part of President Xi Jinping’s ongoing crackdown on capital outflows. What has changed since then...
December 2017
Introduction Named after the case of TSB Private Bank International SA v Chabra [1992] 1 WLR 231, a Chabra Injunction is a Mareva Injunction over the assets of a defendant to whom the...
December 2017
The China tax incentives for Advanced Technology Service Enterprises (ATSE) were first introduced in the Suzhou Industrial Park in 2006, then applied to 21 pilot cities in 2014, and subsequently...
December 2017
On 21 September 2017, Xinhua News Agency reported that the second batch of pilot districts (including Zhejiang and Hubei areas) are formulating and submitting their overall plans to the State Council...
December 2017
In a recent judgment Chang Wa Shan v Esther Chan (CACV 240/2015, 8 September 2017), the Court of Appeal examined a novel situation in Hong Kong: whether absolute privilege should cover a...
December 2017
There was a time when the law of “Evidence” was taught more comprehensively in many law schools. Contrary to the views held by some, there is a body of law called “Evidence” in civil proceedings; it...
December 2017
According to a report published on the official website of the People’s Court Daily on 11 October 2017, the Supreme People’s Court (“SPC”) issued the Implementing Opinions on the...
December 2017
The Registrar of the Hong Kong Institute of Certified Public Accountants v X &Y, CACV 244/2016, 20 October 2017, is another example of an appeal arising out of a disciplinary committee’s decision...
December 2017
On 4 November 2017, at the 30th session of the Standing Committee of the 12th National People’s Congress (“NPC”) of China, the NPC approved a bill to amend the Law Against Unfair Competition,...
December 2017
The recent judgment in Competition Commission v Nutanix & Ors, CTEA 1/2017, 3 October 2017, refers to a legislative trend to replace the privilege against self-incrimination with a so-called...
November 2017
The Chief Executive's first Policy Address that was held on 11 October 2017 provided new information about two tax initiatives: (1) a two-tier profits tax system for enterprises, and (2) a super...
November 2017