Hong Kong: Charges, Mortgages, Indemnities

Hong Kong has been struck by typhoons and heavy rainstorms before, but never by both within the space of two short weeks, nor with such severity.

This Legal Update outlines a recent Hong Kong Court of First Instance (HKCFI) decision regarding powers of the Land Registrar to withhold registration of instruments.

Any person, not being an "authorized institution" authorised by the Hong Kong Monetary Authority under the Banking Ordinance (Cap. 155), carrying on business as a money lender in Hong Kong...

On December 1, 2011, Hong Kong depositary receipts ("HDRs") representing common stock of Coach, Inc. began trading on the Hong Kong Stock Exchange (the "HKSE"), a marketplace that is increasingly becoming a listing destination for global companies. Coach’s common stock will remain listed on the New York Stock Exchange (the "NYSE"), and the secondary listing on the HKSE will not involve a capital raise by Coach. Paul Hastings represented J.P. Morgan in its role as sponsor for the HKSE listing, de

On 12 October 2011, The Stock Exchange of Hong Kong Limited (the "HKEx") issued "HKEx Guidance Letter HKEx-GL25-11" ("GL25-11") regarding the conditions for waivers from strict compliance with the requirement to include three years’ financial statements in prospectuses pursuant to Rule 4.04(1).

Tests for high net worth professional investors in Hong Kong are likely to become easier 16 December 2011.

Hong Kong Exchanges and Clearing Limited (HKEx) published its listing decision "HKEx-LD9-2011" on 29 April 2011 to determine whether The Stock Exchange of Hong Kong Limited (SEHK) should waive the requirement on the exercise price of share options for a share option scheme of a PRC listed issuer (Listco B) in relation to issue of new A shares.

Securities and Futures Commission (SFC) published its "Consultation Conclusions on the Evidential Requirements under the Securities and Futures (Professional Investor) Rules" (PI Consultation Conclusions) on 23 February 2011 in response to its corresponding consultation paper published on 4 October 2010.

As part of The Stock Exchange of Hong Kong Limited’s (the "Stock Exchange") environmental friendly initiative to reduce the requirement for printed materials within the confines of the existing regulatory framework,