After two years of preparation, the Hong Kong professional investors regime under the SFC Code of Conduct (“Code”) will be tightened up this month. We hope this briefing will help you...
2015 proved to be a year of continued focus on anti-corruption enforcement. We have distilled key aspects of the year’s enforcement trends and resolutions to offer you succinct summarie...
Davis Polk sends you 2016 New Year’s Greetings and a new Hong Kong Corporate Finance Update. In this issue, we report on:
Corporate finance key events – immediate impact in 2016
L...
The Hong Kong Court of Final Appeal (CFA) delivered its judgment in Kam Leung Sui Kwan v Kam Kwan Lai & Ors FACV 4/2015 on November 11, 2015. The case concerned two brothers’ disputes ...
The Securities and Futures Commission (SFC) announced on May 21, 2014 and December 10, 2014 that it had disciplined a Type 6 corporate finance adviser (A), its affiliated Type 1 broker en...
A Chinese intermediate court found GSK’s China subsidiary guilty of commercial bribery and fined the company a record RMB 3 billion (USD 490 million). Five of GSK China’s top managers...
As a new development in Hong Kong High Court procedure, the Hong Kong Judiciary has announced a pilot scheme for discovery and provision of electronically stored documents in cases in the...
In a surprising change of direction, the SFC has discarded plans to amend Hong Kong’s companies legislation to make it clear that sponsors of IPOs have statutory prospectus liability.
S...
The Chinese government has substantially beefed up its anti-corruption enforcement in recent years, resulting in arrests and trials of high-level state officials and prominent executives ...
The U.S. Court of Appeals for the Eleventh Circuit has defined, for the first time by a federal appellate court, a key statutory term in the U.S. Foreign Corrupt Practices Act (“FCPA”...
