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.
