Rights and Wrongs in Wrongful Dismissal

Table of Contents Wrongful Dismissal in Hong Kong General Right to Terminate Valid Reason for Termination Statutory Protections and Unlawful Dismissal Wrongful Dismissal Misconceptions and Complications The Right Approach Wrongful Dismissal in Hong Kong Termination of employment in Hong Kong is a sensitive issue, which has a direct impact on the welfare and emotions of […]

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Important Changes To Trust Legislation

You may not be aware of some new legislation which has been announced that forces nearly all trusts to register with HMRC before 1 September 2022, whether or not they have a liability. The new rules impose penalties for non-compliance which will include many arrangements that have not previously needed to be reported. If you […]

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SFC End-To-End Tests for Hong Kong Investor Identity Regime

On 31 March 2022, the Securities and Futures Commission of Hong Kong (SFC) issued a circular regarding the mandatory end-to-end (E2E) test for systems for the Hong Kong Investor Identification Regime (HKIDR). The circular provides a summary of the preparation work necessary for implementing the mandatory E2E test which licensed and registered intermediaries must complete between mid-May […]

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NICs boost for the self-employed

Prior to the March Spring Statement, most self-employed individuals were facing increased national insurance contribution (NIC) bills this year. However, those with profits up to and just over £28,000 will now see a fall in the amount they pay compared to last year. What’s more, low earners can benefit from deemed contributions. Class 4 NICs […]

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Recruitment for your business in this competitive market

“It’s so hard to find the right person!” “Having found the right person and having successfully integrated her into the team and now seeing her flourish, I then worry about retaining her!” People management has always been a key ingredient to any business’ success, yet it is also one of the trickiest aspects to get […]

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HKEx and SFC Disciplinary Actions in March 2022

In March 2022, the Stock Exchange of Hong Kong Limited (the HKEx) announced the results of its disciplinary action against former directors of a Chapter 21-listed investment company for misuse of the company’s funds, while the Securities and Futures Commission (the SFC) published the outcomes of four disciplinary actions. The SFC enforcement actions were instituted against former […]

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Whatever happened to the wealth tax?

A new wealth tax to counter the cost of the Covid-19 pandemic was the talk of the financial pages not so long ago. Now it has disappeared… or has it? By the end of 2020, as the huge cost of the Covid-19 pandemic became clear, there was much discussion about the introduction of a wealth […]

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HKEX’s New Listing Regime for Overseas Issuers

Please join Julia Charlton for a webinar on Hong Kong Stock Exchange’s New Listing Regime for Overseas Issuers at 5-6:30pm HKT 6 May 2022. The webinar is accredited with 1.5 CPD points by The Law Society of Hong Kong. Register here > About the Webinar: The webinar will cover the following topics and participants may enroll via […]

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INDUSTRY ALERT: Mislabelled and Misdeclared Dangerous Goods

Background Current Consulting Group (“CCG”) is a supply chain consulting firm. We help our clients andpartners with sourcing and procurement processes, on-site quality assurance, and strategicsupport. In January of 2022, CCG identified a Shenzhen-based group called Sanwei being involved inmanufacturing of blasting equipment. Sanwei seemed to be doing this without the properlicenses and permits. The […]

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CCG Webinar: Impact of Western sanctions on Russia’s trade and political prospects in Asia

Our Resilience Practice head, Ilya Umanskiy, will offer a view on Russia’s trade and political prospects in Asia. Our team has been busy with analysis of Russia’s changing economic and political presence in Asia. We will be sharing our views and seeking to understand perspectives from those who join. Time: Apr 13, 2022 08:00 PM […]

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Current U.S. Administration’s Cryptocurrency Policy Objectives

The current U.S. administration has stated that it sees a need to develop a framework regulating digital asset use to protect U.S. consumers, investors and businesses, safeguard U.S. and global financial stability and mitigate systemic risk, illicit finance and the national security risks posed by the misuse of digital assets. The Executive Order also emphasises […]

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U.S. President Issues Executive Order on Digital Asset Regulation

On 9 March 2022, U.S. President Joseph R Biden Jr issued an Executive Order on Ensuring Responsible Development of Digital Assets[1] (the Digital Asset Executive Order) initiating a comprehensive approach to cryptocurrency regulation and oversight aimed at striking the right balance between the opportunities and risks cryptocurrencies present. With ever increasing innovation in digital assets […]

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