Franchising has become an increasingly popular way for businesses to expand and for individuals to start their own businesses with the support of an established brand. However, the legal landscape surrounding franchising in Australia can be complex. Whether you’re looking to buy a franchise or start your own franchise system, understanding the basics of franchise law is crucial. What is
In today’s business environment, companies and individuals frequently engage in lending, leasing equipment, or providing funds for asset purchases. But in cases of financial difficulty, who has the priority claim over these assets? This is where the Personal Property Securities Act 2009 (PPSA) plays a crucial role. The PPSA is an essential piece of legislation in Australia that governs security interests in
https://sycamorelegal.com.au/zh/category/blog-news/ Australia used to be highly renowned for its comfortable, relaxed atmosphere, which made it a great place to live or work. It was not typical to work at the high tempo and strain levels seen in Shanghai and Hong Kong. However, this is no longer the case due to the ever-expanding economic linkages with the APAC area, especially with
Cryptocurrency was finally and officially recognised as a kind of property in Hong Kong, in the recent landmark case of Re Gatecoin Ltd [2023] HKCFI 914. Gatecoin operated a cryptocurrency exchange platform since 2015 through which it provided services to the customers. There were more than 45 types of cryptocurrencies trading carried on through the platform. In addition, Gatcoin also
Background The Limited Partnership Fund bill will take effect on 31 August 2020, thereby becoming the Limited Partnership Fund Ordinance (“the Ordinance”). The objective of the Ordinance is to sharpen Hong Kong’s competitive edge on asset and wealth management and to diversify Hong Kong’s fund structures to encourage fund formation in Hong Kong to meet the fund industry’s changing needs.
The brand of the Big 4 in the accounting industry must be well known, but this is not the case in the legal sector. But in fact, in 2018, PricewaterhouseCoopers (PWC) and Ernst & Young (EY) have actively expanded their legal teams in Hong Kong. In the same year, it was reported that Deloitte also opened a law firm with
Any lawyers or other professionals who have been involved in civil proceedings in common law jurisdictions should be familiar with the discovery process. To put in simply in Chinese, discovery means disclosure. In the whole civil proceedings, it is the procedure for one party to disclose to the other party (or parties) and the court the evidence he possesses which
In the past decade, the emergence of a new business model in the global legal services industry has presented a disruptive challenge to the traditional legal service model. This new model is called New Law. The rise of New Law can be traced back to 2008. After the global financial crisis, many in-house legal departments of Wall Street big names
Jiayuan Plunge Highlights the Loophole in Share Pledge Disclosure Jiayuan International is a property developer based out of Jiangsu of Mainland China. It was founded in 2003 and listed on the Main Board of Hong Kong in 2016. Before its recent share price plunge, it has a market cap of more than HK$30 billion. On 17 January this year, Jiayuan’s
To meet the needs of the innovation and technology (I&T) sector in getting talent, the Hong Kong SAR announced on 8 May it will roll out a Technology Talent Admission Scheme (TechTAS) to provide a fast-track arrangement for the admission of overseas and Mainland research and development talent. Successful technology companies and institutes will be given quotas for bringing in
