Stevenson, Wong & Co. assisted Orient Hongsheng Limited in its CNY900m bond issue on HKEx

SW assisted Orient Hongsheng Limited (the “Issuer”), a wholly-owned subsidiary of Orient Finance Holdings (Hong Kong) Limited, who is a direct wholly-owned subsidiary of Orient Securities Company Limited (the “Company”), in its issue of CNY900,000,000 6.50% guaranteed bonds due 2017. Deutsche Bank AG, Singapore Branch, Guotai Junan Securities (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited, Orient Capital (Hong Kong) Limited and Wing Lung Bank Limited acted as the joint global coordinators, joint bookrunners and joint lead managers in this bond issue.

The Company and its subsidiaries offer a wide range of financial services and products in the PRC and Hong Kong. It is one of the leading financial service providers in the PRC. SW acted as the Hong Kong legal adviser for the Issuer.

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

European Court ruling on unemployment benefits

The European Court of Justice recently ruled that a Romanian woman who had emigrated to Germany was not entitled to unemployment benefits because she had made no effort to find a job. This ruling could have implications in that richer countries can limit access to welfare benefits for citizens from poorer ones within European Union (“EU”).

Whilst Britain’s Prime Minister David Cameron welcomed the ruling, suggesting that it would curb “benefits tourism”, Chancellor of Germany Angela Merkel insisted that freedom of movement within EU was not negotiable. While the ruling is limited in scope, it may provide some political cover to some EU governments which have complained of “welfare tourism”.

Please contact our Hank Lo for any enquiries or further information about this news.

The re-branding of Stevenson, Wong & Co. won two awards in Transform Awards Conference

SW partners Mr. Willy Cheng and Ms. Lai Lam were panel speakers at one of the plenary sessions at the Transform Awards Conference held at The Excelsior Hotel, Hong Kong on Wednesday, 19 November 2014.

The panel also included the firm’s visual identity and website designers Living Group who were represented by, Duncan Shaw, Executive Creative Director and Melanie Osborne, Managing Director.  The panel discussed the makings of the new visual identity for Stevenson, Wong & Co., which reflected the firm’s forward thinking vision, the Association with AllBright Law Offices, being contemporary and approachable, not to conform to stereotypes in the legal industry and at the same time, ensuring future flexibility.

In the evening both partners attended the Transform Awards Gala dinner.  It is an annual event, but the first of its kind in Hong Kong that acknowledges the best rebrands, brand development and brand repositioning in the Asia Pacific region.  Stevenson, Wong & Co. won the Gold Award for the best visual identity from the professional services sector together with a Highly Commendation for the best visual identity in all categories.  A truly memorable evening that celebrated branding design, creativity and excellence.

Please contact our Willy Cheng or Lai Lam for any enquiries or further information about this event.

Stevenson, Wong & Co. presented at Bank of China (Hong Kong) Limited on cross-border security

On 19 November 2014, SW partner Mr. Eric Lui and AllBright Law Offices senior partner Mr. Du Xiao Dong delivered a joint presentation at the Kowloon West Commercial Centre of Bank of China (Hong Kong) Limited (“BOCHK”) on the topic of “Introduction to Legal Issues on Cross-border Security”. More than 50 representatives from BOCHK attended the seminar, including Mr. Chung Sin To Alex and Mr. Wong Tsz Nang Ray, both of whom are the Head of Business at BOCHK, together with six other division managers.

Mr. Lui and Mr. Du discussed with the attendees the “Foreign Exchange Administration Rules on Cross-border Security” (跨境担保外汇管理规定) promulgated by the State Administration of Foreign Exchange on 19 May 2014, highlighting the major reforms involved and the interpretations given by the authorities. They also explored legal issues and the practical implications arising from the new rules relating to offshore and onshore loan facility and security.

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

Stevenson, Wong & Co. attended the Annual Cocktail Reception organised by the Law Society of Hong Kong

SW partners Mr. Eric Lui and Ms. Heidi Chui attended the Annual Cocktail Reception organised by the Law Society of Hong Kong (the “Law Society”) on 17 November 2014. The event attracted more than 430 guests, including the Honorary Chief Executive Mr. Leung Chun Ying, the Honorary Secretary for Justice Mr. Rimsky Yuen SC and Secretary for Development Mr. Chan Mo Po, Paul.

Our partners cherished the precious opportunity to meet and exchange views with fellow practitioners and distinguished guests. This annual function of the Law Society indeed provided a good setting for SW to mingle with our professional peers, and to interact with members of the Judiciary, the Legislative Council and Government officials.

Photograph of Mr. Lui (on the left) and Ms. Chui (on the right) with Secretary for Justice Mr. Yuen SC (second from right) and Ms. Bonita Chan (second from left), Chairlady of the Member Benefit Committee of The Law Society of Hong Kong, taken at the event:

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

Stevenson, Wong & Co. attended “Cosmoprof Asia 2014”

On 14 November 2014, SW legal executives Mr. Stanley Hung and Mr. Man Wong attended the 19th “Cosmoprof Asia 2014”, the industry’s leading B2B beauty event in Asia, held at the Hong Kong Convention and Exhibition Centre upon the invitation of our client, Choi Fung Hong Co., Ltd.

The event organisers hosted more than 2,350 exhibitors from 42 countries and regions including 22 national and group pavilions, exhibiting products of cosmetics, skincare, nail, hair and personal care. The event attracted close to 60,000 visitors from all over the world. China, Korea, Taiwan, Thailand and Japan were the top 5 Asian sources of visitors outside of Hong Kong. International attendees accounted for 64% of the total attendance with 38,059 visitors from 93 non-Asian countries. The strong international turnout was underlined by the big increase in representation from the USA and European countries such as Belgium, Denmark, Hungary and Sweden – together with emerging countries such as Indonesia, Myanmar, South Africa and Turkey.

Established in 1995, Choi Fung Hong Co., Ltd. is a large regional manufacturer and distributer for personal skin care and cosmetics products in Hong Kong. It has established famous brands such as Joseristine and JimmBENNY.

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

(Source: http://www.cosmoprof-asia.com/en-us/PRESS-ROOM/Press-Release)