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When will the Hong Kong courts set aside arbitral awards for arbitrator misconduct?
17 December 2018, Construction, by Joseph Chung,

Background N v W [2018] HKCFI 2405 concerned a project in which the Government was the employer, the Plaintiff’s parent company (Parent) the main contractor, the Plaintiff the… LEARN MORE

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Hong Kong Court orders director to personally pay litigation costs
17 December 2018, Construction, by Justin Yuen,

Background It appears that Big Island Construction (HK) Limited (BIC) and Wu Yi have had a long drawn out battle since 2005, with numerous judgments reported, starting from the… LEARN MORE

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Hong Kong Court remits award back to arbitral tribunal due to serious irregularity
17 December 2018, Construction, by Kwok Kit Cheung,

The recent case of P v M [2018] HKCFI 2280 concerned an appeal against an arbitral award on the grounds of serious irregularity, under section 4 of Schedule 2 of the Arbitration… LEARN MORE

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Hong Kong Court refuses to recognise arbitral award on public policy ground
17 December 2018, Construction, by Kwok Kit Cheung,

In the recent case of Z v Y [2018] HKCFI 2342, Hong Kong’s Court of First Instance (CFI) held that recognition of an arbitral award (Award) of the China Guangzhou Arbitration… LEARN MORE

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Code of Practice for Third Party Funding of Arbitration issued on 7 December 2018
17 December 2018, Construction, by Joseph Chung,

The Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance 2017 (Amendment Ordinance) amends the Arbitration Ordinance (Cap. 609) and the Mediation… LEARN MORE

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Conclusion of SFC consultation on proposed changes to the code on unit trusts and mutual funds

On 6 December 2018, after extensive consultations with the industry, the Securities and Futures Commission (SFC) published its conclusions to its Consultation Paper on Proposed… LEARN MORE

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SFC rolls out FRR amendments

On 19 October 2018, the SFC published the Conclusions to Further Consultation on Proposed General Changes to Update the Securities and Futures (Financial Resources) Rules (FRR)… LEARN MORE

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SFC licensing and compliance hints

Final call CPT 2018 This is our last reminder for 2018. All licensed individuals should have already fulfilled or be close to fulfilling their 2018 CPT requirement. If your company… LEARN MORE

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New regulatory approach for virtual assets

On 1 November 2018, the Securities and Futures Commission (SFC) announced a new regulatory framework for virtual assets.  Virtual assets are digital representations of value and… LEARN MORE

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Revised Fund Manager Code of Conduct now in effect

The SFC’s revised Fund Manager Code of Conduct (FMCC) came into effect on 17 November 2018. By this date, any SFC-licensed fund manager responsible for the overall operation of… LEARN MORE

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