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(中文) 合伙人徐凯怡律师受邀为广东省粤港澳合作促进会座谈会担任主持及演讲嘉宾
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Stevenson, Wong & Co. Ranked as Top 5 Largest Domestic Law Firms in ALB Asia 2021
Asian Legal Business (ALB) published their recent findings of Asia’s Top 50 Law Firms on 18 November 2021. We are pleased to announce that our firm has been listed as the top 5th largest Hong Kong domestic law firm for 6 consecutive years.
THE HONG KONG EXCHANGE CONSULTS ON PROPOSED LISTING RULES AMENDMENTS RELATING TO LISTED ISSUER SHARE SCHEMES
Introduction
On 29 October 2021, The Stock Exchange of Hong Kong Limited (the “Exchange”) published a consultation paper (the “Consultation Paper”) on Proposed Amendments to Listing Rules relating to Share Schemes of Listed Issuers. In particular, since Chapter 17 of the Listing Rules currently only governs share option schemes, the Exchange seeks to amend Chapter 17 to also include share award schemes by issue of new shares, taking into consideration of the increasing adoption thereof by issuers and their subsidiaries. The Exchange is seeking market feedback on its proposals by 31 December 2021.
Background
Traditionally, listed issuers use share option schemes and share award schemes (collectively, the “Share Schemes”) as equity-based awards to attract, retain and motivate employees and service providers. They are used to align the interests of the participants with those of issuers and shareholders. Generally speaking, share option schemes are funded by issuance of new shares by the issuers and share award schemes can be funded by new shares or existing shares of the issuers purchased on-market. A vast majority of issuers on the Exchange have adopted Share Schemes.
(中文) 合伙人徐凯怡律师筹备并参加香港律师会「一带一路」论坛2021
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Partner Calvin Lo Interviewed by STEP Journal
Our Partner Mr. Calvin Lo (TEP), winner of the STEP Excellence Award, was interviewed by the STEP Journal- Issue 5 2021. Mr. Lo received the STEP Excellence award with the highest score across all four papers and all jurisdictions under the 2020 STEP Diploma in International Trust Management.