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Hong Kong

BCLP

HK Court Refuses Borrower’s Challenge to Enforcement of Arbitral Award in Favour of Moneylender

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In CCC v AAC [2025] HKCFI 2987, Sir William Blair, sitting as Deputy High Court Judge in the Hong Kong Court of First Instance (“Court”), rejected a borrower’s challenge to the enforcement of an arbitral award in favour of a...more

White & Case LLP

Loan markets rally following April tariff shocks

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After a sharp tariff-induced dip in loan issuance, markets in the US and Europe regained confidence and stabilized by the end of the first half of the year - US and European leveraged loan markets had a bumpy ride during...more

Ius Laboris

A Win for Hong Kong Employees: New Law Expands Access to Statutory Benefits

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Effective from January 2026, a new law in Hong Kong will broaden the definition of a ‘continuous contract’, making it easier for employees to qualify for statutory employment benefits. We look at the details below....more

Seyfarth Shaw LLP

Treatment of sovereign immunity under the laws of Hong Kong and mainland China

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On 1 January 2024, Foreign State Immunity Law of The People’s Republic of China (“FSIL”) came into effect, changing and clarifying the position of sovereign immunity under the laws of Hong Kong and mainland China....more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, July 2025

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Key developments of interest over the last month include: the UK government's communications in connection with the Chancellor's annual Mansion House speech, and the launch of its Financial Services Growth and Competitiveness...more

BCLP

HK’s Proposed Legal Framework for Online Hailing Hire Cars

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Earlier this month, the Hong Kong Government unveiled its long-anticipated legislative proposal to regulate online hailing hire car services. This legislative proposal will pave the way to remove the legal uncertainty...more

Miles & Stockbridge P.C.

A Golden Share and an Order to Unwind: Early Lessons in CFIUS from the New Administration

On July 8, 2025, President Trump issued an order to unwind the acquisition of Jupiter Systems, Inc., a U.S. company, by Hong Kong-based Suirui International Co., Ltd., a subsidiary of China’s Suirui Group (collectively...more

Mayer Brown

Hong Kong’s Stablecoin Bill: Key Amendments and Next Steps Following Legislative Passage

Mayer Brown on

On 21 May 2025, the Hong Kong Legislative Council passed the much-anticipated Stablecoins Bill (“Bill”), now citable as the Stablecoins Ordinance (“Ordinance”), marking a significant milestone in the city’s ambition to become...more

Mayer Brown

Hong Kong Passes First Cybersecurity Legislation for Regulating Critical Infrastructures

Mayer Brown on

INTRODUCTION - The Protection of Critical Infrastructures (Computer Systems) Bill (the "Bill"), as the first law in Hong Kong to deal with cybersecurity was passed on 19 March 2025, and will come into force on 1 January 2026....more

Mayer Brown

Hong Kong Privacy Commissioner for Personal Data Updated the Leaflet on Legal Assistance for Civil Claims under the Personal Data...

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The Office of the Privacy Commissioner for Personal Data (“PCPD”) released an updated version of the Information Leaflet on Legal Assistance for Civil Claims under the Personal Data (Privacy) Ordinance (“PDPO”) (the “2025...more

Mayer Brown

Hong Kong Privacy Commissioner for Personal Data Completes Compliance Checks on the Use of AI and Data Privacy

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INTRODUCTION - Artificial intelligence ("AI") has rapidly transitioned from experimental use to widespread adoption across Hong Kong. Organisations are now leveraging AI models to enhance customer service, improve risk...more

BCLP

HK Security of Payment Ordinance - New Rules Regarding Setting Aside and Enforcement of Adjudication Determinations

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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

Holland & Knight LLP

Suirui International Ordered to Divest from Jupiter Systems

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President Donald Trump issued a presidential order (the Order) on July 8, 2025, retroactively prohibiting the acquisition of Jupiter Systems LLC, a Delaware limited liability company, by Suirui International Co. Ltd., a Hong...more

Mayer Brown

Asia Tax Bulletin - Summer 2025

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We present to you the Summer 2025 edition of the Asia Tax Bulletin. It contains tax developments in Asia on a host of topics, such as Hong Kong’s and Japan’s tax legislation to implement the Minimum Global Tax (also referred...more

BCLP

HK Competition Commission’s First Prosecution for Failing to Attend Interview

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In May 2025, for the first time since the enactment of the Competition Ordinance (Cap 619) (“Ordinance”), the Hong Kong Competition Commission (“Commission”) prosecuted a person for failing to attend an interview before the...more

Fenwick & West LLP

And Then There Were 10: Trump Admin Unwinds Suirui Group Co.’s Acquisition of Jupiter Systems

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On July 11, 2025, the Trump administration published an order forcing Suirui International Co., Limited—a Hong Kong company that is majority owned by Suirui Group Co., Ltd., a People’s Republic of China company—to unwind its...more

BCLP

HK Court Confirms Jurisdiction of Arbitral Tribunal in Cayman-Related Dispute

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In PI 1 and PI 2 v MR, the Hong Kong Court of First Instance (“Court”) dismissed the plaintiffs’ application to set aside an arbitral tribunal’s decision that it did have jurisdiction to hear a dispute. It is noteworthy that...more

Thomas Fox - Compliance Evangelist

Regulatory Ramblings: Episode 73 - Geopolitical Risk: Thai Tensions / Sanctions, Tariffs & FCPA Enforcement in Asia

The conversation begins with Chris recounting the threats to Thailand’s security and stability, including the ongoing land border closure and standoff with Cambodia. He recounts with Regulatory Ramblings host Ajay Shamdasani...more

A&O Shearman

Why are take-private deals accelerating in Singapore and Hong Kong?

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A growing number of companies are delisting from public markets globally. Here we examine what’s driving activity in Singapore and Hong Kong, and explore how shifting regulatory regimes are influencing transaction flows. ...more

A&O Shearman

Global M&A Insights: Lateral thinking in fast-moving markets

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How are dealmakers responding to an uncertain and volatile macro environment? Our latest M&A Insights report offers a global perspective on the forces shaping M&A activity, from the rising interest in the European defense...more

Hogan Lovells

Hong Kong launches public consultation on licensing regimes for digital asset dealing and custodian services

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On 27 June 2025, the Financial Services and the Treasury Bureau (“FSTB”) and the Securities and Futures Commission (“SFC”) jointly launched a public consultation (the “Consultation”) on new legislative proposals aimed at...more

BCLP

Revisiting Vesting Orders in Internet Scam Cases

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In our previous article titled Fraud Cases: Hong Kong Court’s Jurisdiction on the Grant of Vesting Orders, our team discussed the remedy of vesting orders in providing relief to victims of internet fraud in recovering their...more

Hogan Lovells

Expansion of Hong Kong’s anti-bribery legislation – The Prevention of Bribery Ordinance (Amendment of Schedules 1 and 2) Order...

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The Prevention of Bribery Ordinance (Amendment of Schedules 1 and 2) Order 2025 (“Amendment Order”) has amended the Hong Kong Prevention of Bribery Ordinance (“POBO”) to include four new “public bodies” and two new categories...more

Husch Blackwell LLP

Week Twenty-Three in Trade

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The House and Senate passed the tax bill, which includes a provision to end the de minimis exemption for all e-commerce effective July 1, 2027. The bill now goes to the President for his signature. The de minimis exemption...more

Carey Olsen

Starting up a hedge fund in Hong Kong? Should I use a Hong Kong, BVI, or Cayman Islands structure?

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Hong Kong’s status as an open jurisdiction offers hedge fund managers unparalleled flexibility to choose the domicile of their fund structure, free from restrictive local mandates. This allows managers to align their fund’s...more

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