29 May 2021

Stevenson, Wong & Co. at the AllBright Moot Court 2021

Between 29-30 May 2021, our firm’s Partner and Head of Litigation and Dispute Resolution department, Ms. Heidi Chui, and her team Senior Associate Mr. Kyle Lo, Associate Mr. Calvin Huang and Paralegal Mr. Harold Gan, participated in the 5th AllBright Law Offices Virtual Moot Court Competition (the “Competition”).

26 May 2021

THE SFC LAUNCHED ITS PLAN TO IMPLEMENT THE GOVERNMENT’S GRANT SCHEME FOR OPEN-ENDED FUND COMPANIES (OFCS) AND REAL ESTATE INVESTMENT TRUSTS (REITS)

Background

On 10 May 2021, The Securities and Futures Commission of Hong Kong (the “SFC”) announced the implementation of the Hong Kong Government’s grant scheme (the “Grant Scheme”) to provide subsidies for setting up qualified open-ended fund companies (the “OFCs”) and real estate investment trusts (the “REITs”) in Hong Kong.  The Grant Scheme covers 70% of eligible expenses paid to Hong Kong-based service providers, subject to a cap of HK$1 million per OFC and HK$8 million per REIT.

18 May 2021

Adamas, or a House of Cards?

On 1 January 2021, a tabloid reported the suicide of a 55-year-old American man, found inside a private car in Sai Kung. This was hardly sensational and would have easily gone unnoticed – except perhaps by the princes and barons of the financial sectors.