Our Mr. Eric Lui attended China Law Awards 2017 on 20 April in Beijing which honoured the best deals, in-house teams, law firms and individuals across 44 categories.

The 14th annual event was organized by Asian Legal Business (ALB) at The Park Hyatt Hotel in Beijing. More than 260 representatives from top law firms and companies in China joined the ceremony. At the award ceremony, AllBright Law Offices which is in association with SW won the prize for the Shanghai Law Firm of the Year and the Project Finance Deal of the Year with the syndicated loan project for the privatization of Qihoo 360. AllBright’s partner James Guo received the award on behalf of the firm and Mr. Lui congratulated AllBright for its exceptional achievements.

Meanwhile, Mr. Lui also visited AllBright’s office in Beijing and gave a presentation on main points for enterprises to note for overseas listing, merging and acquisition. Mr. Lui introduced the basic requirements and procedures of IPOs in Hong Kong. He also shared his insights regarding to “Provisions for Foreign Investors to Merge Domestic Enterprises” promulgated by the Ministry of Commerce.

Please contact our Mr. Eric Lui for any enquiries or further information about this event.

On 13-16 April 2017, our partner Mr. Eric Lui visited Chengdu, Sichuan to attend the Property and Construction Professional Committee Meeting of AllBright Law Offices.

The meeting focused on the latest developments and forecast for the legal market regarding the property and construction industry. More than 20 seasoned AllBright lawyers from different offices in China attended the meeting which was a precious chance for lawyers from mainland China and Hong Kong to communicate and learn from each other.

For more enquiries about this event, please contact our Mr. Eric Lui.

On 10 April 2017, Stevenson, Wong & Co. held a seminar at The Society of Chinese Accountants and Auditors in relation to the latest listing and placing requirements of Growth Enterprise Market (“GEM”) IPOs. Mr. Hank Lo, partner and head of corporate finance, and Mr. Terence Lau, associate, explained the key issues relating to the joint statement issued by the Securities and Futures Commission (“SFC”) and The Stock Exchange of Hong Kong Limited on 20 January 2017 and the “Guideline to sponsors, underwriters and placing agents involved in the listing and placing of GEM stocks” issued by the SFC. The seminar attracted around 80 attendees, including practising accountants.

The joint statement was made in response to the volatile price movements of GEM stocks in recent years. Mr. Lo and Mr. Lau briefly introduced the joint statement and the Guideline, which emphasises the importance for GEM listing applicants to abide by the GEM Listing Rules. In particular, GEM Rule 11.23 requires an open market in the securities for which listing is sought. While the rule aims to ensure there is sufficient liquidity of the shares in the market and to minimise the situations giving rise to manipulation of share price, Mr. Lo emphasized that having met the minimum number of 100 public shareholders as required under GEM Rule 11.23(2)(b) does not necessarily mean GEM Rule 11.23 has been satisfied. “There were cases where more than 90 percent of the offered shares were taken up by the top 25 places and the remaining taken up by a larger number of shareholders to meet the minimum public shareholders requirement yet it was suspected that the conditions for an open market may not exist,” Mr. Lo stated.

Mr. Lau also gave an overview of the Guideline, which covers the general obligations of sponsors and placing agents in relation to new listing and placing, such as conducting adequate “know-your-client” procedures and adopting a robust marketing and placing strategy.

In the Q&A session, the attendees asked questions relating to the impact for those involved in GEM listings. Mr. Lo and Mr. Lau answered the questions in details with in-depth viewpoints. The seminar received positive feedback from the attendees.

Should you have any enquiries to our services or this event, please contact Mr. Hank Lo or Mr. Terence Lau for further information.

Over 80 attendees, including practising accountants joined the seminar.

Our partner Mr. Hank Lo (2nd from right) and Associate Mr. Terence Lau (1st from right) held the seminar at The Society of Chinese Accountants and Auditors

On 8 April 2017, our legal executive Mr. Man Wong attended the opening ceremony of local gaming and racing gadgets company Zenox.

As one of the pioneers in the market, Zenox has its focus on gaming chairs. With the rapid growth in the gaming industry, we were delighted to be invited to the event hosted by Zenox to celebrate the brilliant start of its business, which shows our commitment to keep exploring emerging markets with entrepreneurs. We look forward to developing a successful business relationship with Zenox.

Stevenson, Wong & Co. provides comprehensive legal services to help businesses in financing, company formation and more. Should you have any enquiries to our services or this event, please kindly contact Mr. Man Wong for further information.

On 5 April 2017, our partners Mr. Eric Lui and Ms. Heidi Chui attended a seminar as main speakers hosted by Ningbo Arbitration Commission.

Held at Ningbo Wuyi Square, the seminar was about practical issues of legal matters related to Hong Kong. Ms. Chui spoke on the topic of international arbitration and relevant enforcement measures in aid of international arbitration in Hong Kong. She shared the knowhow of cross-border litigation between China and Hong Kong with case studies, showing the strategies of asset protection before arbitration and the purpose of appointing an interim receiver. During the seminar, Ms. Chui also introduced the application of Mareva Injunction and a structured overview of enforcement of arbitral awards.

Meanwhile, Mr. Lui also spoke on the topic about the requirements for mainland business to work on IPO in Hong Kong. The seminar received positive feedback with more than 40 legal professionals participated. Mr. Lui and Ms. Chui looked forward to other exchange activities with Ningbo Arbitration Commission in the future.

Providing a comprehensive legal service to our clients, Stevenson, Wong & Co. possesses profound experience in cross-border disputes resolution with a team of seasoned practitioners who always act in the clients’ best interests. Please contact our Mr. Eric Lui or Ms. Heidi Chui for any enquiries or further information about our service and this event.

SW acted as the legal adviser in the following IPO transactions:

We look forward to assist clients reaching more of their business milestones by delivering high quality, efficient and professional legal services. Please contact our Hank Lo, Eric Lui, Cornelia Chu, Erica Cheng or Rodney Teoh for any enquiries or further information about the above transactions.