29 Sep 2023

THE SECURITIES AND FUTURES COMMISSION PUBLISHED THE CONSULTATION CONCLUSIONS ON AMENDMENTS TO THE CODES ON TAKEOVERS AND MERGERS AND SHARE BUY-BACKS

Introduction

On 21 September 2023, the Securities and Futures Commission (the “SFC”) published the consultation conclusions (the “Consultation Conclusions”) addressing comments on the amendments to the Codes on Takeovers and Mergers and Share Buy-backs (the “Codes”) proposed in its consultation paper dated 19 May 2023 (the “Consultation Paper”).

During the consultation period which ended on 23 June 2023, the SFC received in total 12 responses from the public.  After considering the comments made by the respondents, the SFC has adopted all of the amendments proposed in the Consultation Paper, some with slight modifications.  For more details of the amendments to be made to the Codes, please refer to our news update on the Consultation Paper.  The said amendments have become effective on 29 September 2023.

28 Sep 2023

THE SECURITIES AND FUTURES COMMISSION STEPS UP INFORMATION DISSEMINATION AND INVESTOR EDUCATION ON VIRTUAL ASSET TRADING PLATFORMS

Introduction

In response to growing concerns regarding unregulated virtual asset trading platforms (“VATPs”), on 25 September 2023, the Securities and Futures Commission (the “SFC”) announced the introduction of a series of measures aimed at reinforcing information dissemination and investor education.

Recognising both the potential benefits and risks associated with virtual asset activities, the SFC has been at the forefront of implementing a comprehensive regulatory framework since 2017.  The SFC has also been monitoring virtual asset activities in Hong Kong to detect possible breaches of law under its regulatory remit through gathering information from different sources, including market news, media reports, frequent dialogues with the industry, complaints and social media.  Where appropriate, the SFC would put entities on the Alert List and refer cases to the Police for further investigation.

21 Sep 2023

Partner Heidi Chui Wins “Dispute Resolution Lawyer of the Year” at The ALB Hong Kong Law Awards 2023

We are proud to announce that our Partner and Head of the Dispute Resolution department, Ms Heidi Chui, has won the “Dispute Resolution Lawyer of the Year” at the ALB Hong Kong Law Awards 2023. The award ceremony took place on 15 September 2023 at the JW Marriott, with legal professionals from Hong Kong and globally gathered to celebrate excellence in the legal industry. Our Partners, Ms. Heidi Chui, Mr. Rodney Teoh, and Mr. Gordon Tsang attended the event.

From the left: Our Partners Mr. Gordon Tsang, Ms. Heidi Chui, Mr. Rodney Teoh