Foreign plaintiffs must pay security for costs? Not always.
In the decision handed down by The Honourable Mr Justice Wilson Chan on 20 October 2023 in XY, LLC v Jesse Zhu (also known as Jia-Bei Zhu and Jessie Jia-Bei Zhu) and Grand Network Technology Limited [2023] HKCFI 2686,
Adoption of UBI
The use of Unique Business Identifier (“UBI”) has been widely adopted around the world as it allows governments and businesses to identify entities more easily and effectively, and enables exchange of data across government departments and businesses.
5 Most Impactful Hong Kong Restructuring and Insolvency cases in 2023
2023 was a busy year for the restructuring and insolvency industry in Hong Kong. we had a ground breaking decision of the Court of Final Appeal (CFA) ruling on the conflict between dispute resolution clauses and the Court’s jurisdiction to wind-up/bankrupt a debtor. We also saw the court extend and strengthen its reach to assist …
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The Hong Kong Market Entry Playbook: Business Establishment
Hong Kong has a long history of being a business-friendly location to set up both as a regional business hub and to access the sophisticated local market.
The regulatory framework for virtual asset-related activities in Hong Kong
As Hong Kong positions itself as a leading Web3 centre for Asia, there is increasing interest among licensed intermediaries in Hong Kong to add investment products with exposure to virtual assets to their client service offering. In this article,
Legal Update: PCPD investigation report on credit reference agency data breach
In this snapshot legal update, the Office of the Privacy Commissioner for Personal Data (“PCPD”) published an investigation report on 1 June 2023 concerning the TE Credit Reference System,
“The arbitration agreement is spent” – Hong Kong Court lifts stay of proceedings notwithstanding pending application to set aside arbitral awards in foreign court
Hong Kong is widely recognised as an efficient and reliable jurisdiction for international arbitration.
RECENT CHANGES TO HONG KONG BANKRUPTCY LAWS: A WIN FOR CREDITORS AND THE ENVIRONMENT
The Government of Hong Kong continues its push towards favouring digitisation over using hardcopy documents.
Hong Kong Court Awards Indemnity Costs to Employer in Discrimination Proceedings
Introduction We previously published two articles “Can and will an employee claiming discrimination be liable for legal costs if they lose?” and “Important points for making discrimination claims highlighted in a recent District Court case by a former student against a local university” which discuss the Court’s approach on assessing claims and costs in discrimination …
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Divorce Proceedings and Your Business
Parties to divorce proceedings owe an ongoing duty to the Court to give full and frank financial disclosure.