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Hong Kong Payment Terms

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

A&O Shearman

Allen & Overy and Standard Chartered launch guide to payment regulations in Asia

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Allen & Overy and international banking group Standard Chartered have today launched the first Guide to Payment Regulations for corporates and fintech customers navigating the evolving payments landscape in eight key markets...more

BCLP

The new security of payment regime in Hong Kong – key issues to consider before its implementation

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With the Hong Kong Development Bureau’s (DevB) contractual security of payment regime coming into effect from 31 December 2021 (the SOP regime), we now examine some important challenges which facing the Hong Kong construction...more

BCLP

Security of Payment in Hong Kong - pilot programme for public works contracts

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As the old saying holds, cash-flow is the life blood of the construction industry. In 2021, Hong Kong looks set to join Singapore, Australia and other jurisdictions in implementing a Security of Payment regime to...more

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