Hong Kong: Compliance

Hong Kong is introducing sweeping reforms to its unsecured lending market, targeting predatory practices that have long exposed vulnerable borrowers and innocent third parties to aggressive debt collection. The new measures, set to roll out in two phases starting August 2026, will impose debt servicing ratio caps on low-income earners, ban the use of loan referees, and mandate credit reporting through a centralised platform.

Yes. Under the Companies Ordinance (Cap. 622), every Hong Kong company – whether private or public – is required to appoint a company secretary.

An arbitration provision contained conditions precedent to the commencement of arbitration. These conditions were not met and arbitration was commenced in any event.