HKEx Consults on Proposal to Streamline IPO Settlement Process

On 16 November 2020, the Stock Exchange of Hong Kong (HKEx) published a concept paper outlining a proposal to modernise Hong Kong’s IPO settlement process[1] (the Concept Paper) through the introduction of a new IPO settlement platform (Fast Interface for New Issuance (FINI)), which will be a mandatory platform for the handling of future Hong Kong IPOs should […]

Clinton MorrowPartner, Charltons

FSTB Consults on Proposed Licensing Regime for Virtual Asset Exchanges

Hong Kong’s Financial Services and Treasury Bureau (the FSTB) published a consultation paper[1] proposing a new licensing regime for virtual asset exchanges under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) on 3 November 2020. The new regime would require the licensing of virtual asset exchanges that are not required to be licensed under the […]

Julia CharltonPartner, Charltons

SFC Publicly Reprimands and Fines Guotai Junan HK$25.2 million

On 22 June 2020, the SFC announced that it has reprimanded and fined Guotai Junan Securities (Hong Kong) Limited (Guotai Junan) HK$25.2 million for internal control failures and regulatory breaches in  failing to mitigate risks of money laundering and terrorist financing in relation to third party fund transfers and a listed company’s placing activities and […]

Clinton MorrowPartner, Charltons

Clinton Morrow participates in the IR Global Guide – International Governance: The Risks You Face as a Global Director

Foreward by Andrew Chilvers As companies continue to look for opportunities in global markets, directors from diverse jurisdictions are hired to serve on the boards of foreign businesses as well as domestic ones that have operations and assets in other countries. Enterprises across the world look for directors from other jurisdictions for any number of […]

Clinton MorrowPartner, Charltons

Hong Kong Stock Exchange and SFC Issue a Joint Statement on Results Announcements of Listed Issuers in light of Travel Restrictions related to the Corona Virus

On 4 February 2020, in light of travel restrictions that have arisen in response to the outbreak of the coronavirus, the Securities and Futures Commission (the SFC) and The Stock Exchange of Hong Kong Limited (the HKEx) issued a joint statement[1] (the Statement on Financial Results Announcements) providing guidance to listed companies and their auditors […]

MYANMAR SEA TRADE AT US$21.6 BILLION

According to MOC data, Myanmar’s sea trade with foreign countries amounted to over US$21.6 billion from 1 October 2018 to 16 August 2019.  Exports amounted to over US$8.4 billion, and imports amounted to approximately US$13.2 billion.  This represents a slight decrease from over US$23 billion in the corresponding period in the 2017-2018 fiscal year.  (Source: http://mizzima.com/article/myanmars-sea-trade-reaches-over-usd-216-billion, […]

Charltons joins IR as the exclusive Corporate Law Member in Myanmar (Burma)

IR Global is delighted to announce that Clinton Morrow of Charltons has acquired the Corporate Law practice area in Myanmar(Burma).  Charltons is a boutique Hong Kong corporate finance law firm with branch offices in Beijing, Shanghai and Yangon, Myanmar. The firm’s practice covers capital markets, M&A, regulatory and securities work, natural resources law, corporate and commercial, private equity and funds, corporate restructuring […]

International Finance Corporation to provide US$13.5 million loan to United International Group Ltd

International Finance Corporation to provide US$13.5 million loan to United International Group Ltd The International Finance Corporation has announced that it will provide the United International Group Ltd (United Group) with a loan of US$13.5 million. The United Group – which trades as Amata Hotel Group – will use the funds to expand its existing […]