There are a lot of reasons why a director is removed from his office. These include his incompetence, his relationship with his peers and other colleagues of the company, and sometimes misconducts such as breach of fiduciary duties etc. Generally, only shareholders can remove a director, the reason being that directors are considered as quasi-agents for the company or the
In the ever increasing commercial intercourses between Hong Kong and Mainland China, many of the related agreements are governed by Hong Kong law instead of the PRC law, despite that quite a lot of such agreements are largely performed in Mainland China. The reasons for this may be that the contracting parties (or one of them) are Hong Kong residents
The Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Bill (“Bill) was passed by Hong Kong’s legislature on 14 June 2017, following recommendations in the Law Reform Commission’s Report in October 2016. The Bill, expected to come into effect later this year, seeks to change the outdated (if not antiquated) common law doctrine of maintenance and champerty, which basically bans
With the governments of Hong Kong and Australia kicking off the negotiations for a free trade agreement in April 2017, which aims at further strengthening the already vibrant trades between the two regions, trading volume is bound to explode following conclusion of the bilateral treaty. With the explosion in trades also, unfortunately, will come the disputes between trading partners. This
Introduction In layman’s terms, Insider trading is the buying or selling of a security by someone who has access to material nonpublic information about the security. Insider trading has been a prevalent phenomenon even in the most mature financial markets, particularly in the recent decade when the ubiquity of internet and innovation of financial products have brought new dimensions into
In the last 10 years, there has been a dramatic upsurge in Chinese investors’ interests in acquiring assets in Australia, notably in the areas of mining and resources, real estate and food and agricultural products. This is in part driven by the strategic needs of the Chinese government, the appreciation of RMB and in the last 5 years, devaluation of
