On 11 July 2025, the Hong Kong Government gazetted the Construction Industry Security of Payment Rules (“Rules”).
The Rules, made by the Chief Judge of the High Court under section 50 of the Construction Industry...more
Stablecoins are cryptocurrencies with values tied to fiat currencies or other assets, and are often said to be “pegged to” a single or a basket of fiat currents and/or other assets....more
From 1 May 2025, in respect of Hong Kong’s MPF scheme, the MPF offsetting mechanism will be abolished, meaning that employers no longer will be able to use the accrued benefits of their mandatory contributions under the...more
5/7/2025
/ Compensation & Benefits ,
Employee Benefits ,
Employer Contributions ,
Employer Liability Issues ,
Employment Policies ,
Hong Kong ,
Labor Regulations ,
New Legislation ,
Regulatory Reform ,
Retirement Plan ,
Severance Pay
The Hong Kong Government has proposed to change the “continuous contract” requirement under the Employment Ordinance (Cap 57) (“EO”) from the current “4-18” requirement to a more relaxed “4-17” or “4-68” requirement....more
The second and third reading of the Construction Industry Security of Payment Bill concluded at the Legislative Council on 18 December 2024....more
On 9 July 2020, the Hong Kong Legislative Council passed the Employment (Amendment) Bill 2019 (the Bill). The Bill introduces amendments to the Employment Ordinance (Cap 57) to extend the statutory maternity leave (ML) by...more