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After much heated debate that lasted 41 hours in the Hong Kong Legislative Council, the Minimum Wage Ordinance ("Ordinance") was passed on 17 July 2010 and will come into force on this year’s Labour Day holiday, 1 May 2011.
Hong Kong's new Arbitration Ordinance was passed by the Legislative Council in November 2010 and is expected to come into force early this year.
Honest concurrent use is one of the uncommon grounds a trademark applicant in Hong Kong can rely on to overcome an objection to a trademark registration that conflicts with, or would take unfair advantage of, or would be detrimental to, an earlier mark.
In the regime of labour dispute resolution, China adopts the "one mediation, one arbitration, two trials" system.
The relevation of the sale of customers’ personal data by Octopus Holding Ltd, the leading electronic payment company in Hong Kong, to third party business partners for direct marketing purposes has sparked widespread public concerns over major privacy breaches by personal data collectors here.
In May 2010, the Hong Kong Stock Exchange (the "Exchange") released its Consultation Conclusions on proposed changes to connected transaction rules which included a review on the definition of connected person, provided exemptions for connected transactions which are immaterial or involve persons not in a position of significant influence, etc.
After years of consultations, the Hong Kong Government submitted the long waited Competition Bill (the "Bill") on 2 July 2010 to the Legislative Council for debate in the coming 2010-2011 session.
Listing on the Hong Kong Stock Exchange by way of introduction received some attention recently as a result of the suspension of trading in the shares of Asian Citrus Holdings Ltd, China’s biggest orange plantation just 2 hours after trading on the opening day and in June 2010, the listing of London listed insurer Prudential PLC where Prudential added another trading venue in Hong Kong without raising additional funds as no new shares were issued in Hong Kong.
The Hong Kong Companies Legislation is on the verge of a major overhaul.
The Mainland and Hong Kong signed an Arrangement between them for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (the "Arrangement") on 21 August 2006 to eliminate any situation of double taxation that might otherwise be faced by a Mainland or Hong Kong investor or resident in the conduct of cross border activities.
In the late 1940s, Mr Tsang Kei Hung ("Mr Tsang Senior") married Madam Leung according to Chinese customs and she gave birth to 3 children, one of them was Dr Tsang.
In the Hong Kong Court of Appeal case of Wing Hang Bank Ltd v Kwok Lai Sim & Others, the security document signed by the surety/security provider in a "non-commercial" transaction was set aside, the bank’s claim against the security provider was dismissed and judgment was entered against the solicitors acting for both the bank and the surety/security provider for breach of duty of care as solicitors.
Beauty China Holdings Limited (the "Company") was incorporated in the Cayman Islands and its shares were listed on the main board of the Singapore Exchange Securities Trading Limited.
In the United Kingdom, there appears to be an emerging trend of recognizing the implied anti-avoidance term in employment contracts.
The term "beneficial owner" has been used in various tax treaties between mainland China and other foreign countries (including the double taxation arrangements with Hong Kong and Macao) and the status is often a pre-requisite for non-resident enterprises claiming preferential tax treatment in the PRC.
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