Keywords: companies ordinance, Hong Kong, corporate governance
The new Companies Ordinance became effective today, 3 March 2014. It is a comprehensive rewrite of the previous Companies Ordinance and is intended to achieve four major objectives, namely, to enhance corporate governance, ensure better regulation, facilitate business and modernise the law. The changes and initiatives introduced by this new ordinance are extensive and will affect not only companies registered in Hong Kong but also their shareholders, directors, creditors and investors.
We have prepared a dedicated page on our website designed to help you navigate the key areas of change and their implications. Explore the links to our legal updates and articles under "News & Publications" which will help you understand how the new ordinance affects you and your organisation.
Click here to visit the website and download materials.
Originally published 3 March 2014
Visit us at www.mayerbrownjsm.com
Mayer Brown is a global legal services organization comprising legal practices that are separate entities (the Mayer Brown Practices). The Mayer Brown Practices are: Mayer Brown LLP, a limited liability partnership established in the United States; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales; Mayer Brown JSM, a Hong Kong partnership, and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. "Mayer Brown" and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
© Copyright 2014. The Mayer Brown Practices. All rights reserved.
This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.