Oldham, Li & Nie

Oldham, Li & Nie (OLN) is pleased to announce its participation in the 2024 Hong Kong Arbitration Week, organised by the Hong Kong International Arbitration Centre (HKIAC), taking place on 21-25 October 2024.

To celebrate the inauguration of its groundbreaking Elder Law Practice (the first of its kind in Hong Kong),  Oldham, Li & Nie (“OLN”) is proud to relaunch its hugely popular FreeWill initiative,

Oldham, Li & Nie, a leading independent law firm, is pleased to announce that it will be the first Hong Kong law firm to establish a dedicated Elder Law Practice Group.

Oldham, Li & Nie (OLN) further strengthens its Corporate & Commercial practice by hiring a solicitor from King & Wood Mallesons (KWM).

In response to its inclusion on the “watchlist” for non-cooperative jurisdictions for tax purposes by the European Union (“EU”), the Hong Kong government launched a consultation on the proposed refinements to Hong Kong’s FSIE regime for passive income, mapping out significant changes to address the EU’s concerns such that Hong Kong would not be “blacklisted” by the EU for tax purposes.

88% of Hong Kong population is using social media, and this number is growing every minute. It is no surprise that social media has become a lucrative business. Social media influencers (“Influencers”) or key opinion leaders (“KOLs”) are popular and powerful - they create tight bonds with their followers and have the ability to influence their perceptions of brands and hence their spending behaviours. As a result, they are now an important marketing channel for many local and foreign brands. Influencers partner with these brands and generate income by way of endorsement or other forms of support through their profiles on Instagram, WeChat, Facebook, YouTube, TikTok, and other social media networks.

In the midst of COVID-19, where everything seems to be delayed and rescheduled, one may be under the illusion that pursuing a legal action to recover damages could wait. However, it should be borne in mind that Hong Kong has limitation period on bringing civil actions. If these are not adhered to, one may potentially face the grave consequences of an action being time-barred, such that all the rights and recourse against the wrongdoer could vanish.

Employee termination is not uncommon during economic downturn or group restructuring. The termination payments or the compensation packages, especially for top executives or senior employees, often consist of many components such as salaries, gratuities, discretionary bonuses, golden handshakes, settlement sum for the employment dispute. Given the diversified nature of the compensation components, it might not be easy to identify which part of entire package is taxable and which is not under the definition of section 8(1) of the Inland Revenue Ordinance, Cap. 112 (“IRO”).