When a company listed in Hong Kong intended to revise their company name, the company should comply relevant requirement and procedures under relevant jurisdiction of its incorporation, Companies Registry and the Stock Exchange of Hong Kong (“HKEx”). Stage 1: Extraordinary General Meeting or Annual General Meeting The board of the company can pass a…
If a party to a contract or a lender seeks recovery of a debt due to the default on payment of the other side under a contract or a borrower under a loan agreement, does it have to go through the whole process of litigation, including pursuing a full trial for obtaining a judgment against…
The newly emerged industry of influencers (i.e. KOLs) grows rapidly. Influencers create contents on social media in order to earn remunerations from advertisers or individuals. In this connection, they usually engage an agent (a company or an individual) to increase their exposure and in such event an agreement would be essential to protect the parties’…
A shareholders’ agreement is an agreement between the shareholders of a company on the management of the company. Its purpose is to protect the shareholders’ interests in the company, to establish a fair relationship between the shareholders and govern how the company is run. It will contain specific, important and practical rules relating to the…
There is nothing disheartening than hearing “child abduction” notwithstanding it was committed by a parent of the child, yet these incidents continue to occur and each year, there are several published judgments indicating that the Courts have no alternative but to intervene to determine the welfare of a child. In Hong Kong, child abduction of…
Once children’s issues are resolved by the Court, the next step is to deal with the finances. This is called “ancillary relief” (or in American lingo, alimony & child support). First and foremost, it is important to understand that there is no mathematical formula for the division of matrimonial assets in Hong Kong given there…
In our most recent video, our Mr. Szeto has made a light-hearted remark that “marriage is casual business, divorce is serious business” (“結婚求其,離婚認真”), this is unfortunately accurate and real. In this part series, we will discuss the need for our clients to consider the serious nature of a divorce. By way another example,…
The viral internet clip known as ‘Charlie Bit My Finger’ was sold as (Non-Fungible Token)(“NFT”) for more than USD760,000 (approximately HK$5.9 million).The famous digital artist Mike Winklemann, also known as “Beeple” crafted a composite of 5,000 drawings creating perhaps one of the most famous NFT for now, “EVERYDAYS: The First 5000 Days,” which sold at…
Overview An open-ended fund company (“OFC”), first introduced in Hong Kong under the Securities and Futures Ordinance in 2018, is an investment fund in a corporate structure. An OFC typically has a board of directors which has a duty to ensure company’s compliance with Securities and Futures Commission (“SFC”) regulations, a custodian which manages its…