SW partner Mr. Eric Lui, associate Ms. Vivian Ji and Head of Business Development (China) Ms. Connie Yeung attended the “smartHK” exhibition held at the Jinan International Convention & Exhibition Center from 27th to 28th May 2015.
Period of adverse possession accumulated against the British Colonial Government expired on 30 June 1997
In Hong Kong, section 7 of the Limitation Ordinance (Cap.347) provides for a 60-year limitation period for the government to bring actions to recover land.
Grand Opening of ABL&SW (Qianhai)
In the first batch of approvals by the Department of Justice, Guangdong, ABL&SW set up a joint venture law firm in the Qianhai Modern Service Industry Cooperation Zone.
PRC Law Update
Circular on Reforming the Management of the Settlement of Foreign Capital from Foreign-Invested Enterprises (Huifa No. 19 【2015】)
On 30 March 2015, the State Administration of Foreign Exchange of People’s Republic of China (“SAFE”) issued the Circular on Reforming the Management of the Settlement of Foreign Capital from Foreign-Invested Enterprises (《关于改革外商投资企业外汇资本金结汇管理方式的通知》) (Huifa No. 19 【2015】) in which it announced that from 1 June 2015 onwards, new legislation for reforming the management of the settlement of foreign capital from foreign-invested enterprises will become effective in the whole country.
Application to produce “private papers” under insolvency proceedings being rejected
In the recent case Provisional Liquidators of China Medical Technologies Inc v Samson Tsang Tak Yung  HKEC 224, HCCW No.435 of 2012, the liquidators’ application to produce the “private papers” (such as bank statements and purported divorce documents) of the company’s former CFO was rejected by the Court.
Presentation at Bank of China (Hong Kong)
On 4 May 2015, SW partner Mr. Eric Lui, senior associate Ms. Freda Au, legal executives Mr. Stanley Hung and Mr. Man Wong delivered a presentation on stamp duty issues involving properties and share transactions at Commercial Business II – Corporate Banking and Financial Institutions of Bank of China (Hong Kong) Limited (“BCHK”). Over 50 representatives from BCHK attended the seminar.