|2020/09/17||Follow-up Submission on Proposed Companies (Corporate Rescue) Bill|
The Chamber has made a follow-up response to the Financial Services and the Treasury Bureau based on the latest draft of the Companies (Corporate Rescue) Bill. The response provides further suggestions on the appointment of a provisional supervisor during the corporate rescue procedure and reiterates points made in the Chamber’s earlier submission.
|2020/08/07||Submission on Companies (Corporate Rescue) Bill Proposals |
In response to the Financial Services and the Treasury Bureau’s invitation, the Chamber has submitted its views on the Government’s latest proposals to introduce a statutory corporate rescue procedure and insolvent provisions in Hong Kong. The Chamber believe there is a pressing need to provide companies in financial difficulties with an alternative to liquidation especially under the sustained difficulties that Hong Kong has been experiencing since the middle of last year.
|2020/04/29||Consultation Paper on Corporate Weighted Voting Rights Beneficiaries|
The Chamber welcomes the opportunity to comment on the HKEX’s proposed introduction of corporate WVR structures. Prior to committing our support for this proposal, we recommend that the HKEx provide further elaboration on the necessity for establishing such a regime as well as the effectiveness of investor safeguards raised in the consultation paper.
|2019/09/26||Consultation Paper on the Codification of General Waivers and Principles Relating to IPOs and Listed Issuers and Minor Rule Amendments|
The Chamber has expressed reservations over the Hong Kong Exchanges and Clearing Limited’s proposed relaxation of existing requirements on listed companies regarding the appointment of company secretaries.
|2019/07/19||Consultation Paper on Review of the Environmental, Social and Governance (ESG) Reporting Guide and Related Listing Rules|
The Chamber welcomes the Hong Kong Exchanges and Clearing Limited‘s efforts to improve the quality of ESG reporting through this consultation exercise. We believe that such enhancements should be supplemented by further investments in education and training to promote better understanding of the intentions behind and benefits of ESG reporting .
|2019/04/02||Trade Marks (Amendment) Bill 2019|
The Chamber supports the updating of Hong Kong’s laws to allow the implementation of the Madrid Protocol domestically.
|2019/03/29||Consultation Paper 2 on 2018 Draft Convention on the Recognition and Enforcement of Foreign Judgments|
The Chamber has called for clarification of a few matters outstanding from the last round of consultation in 2016. The Chamber has also suggested that instead of a selective approach, all antitrust (competition) matters should be excluded from the Convention.
|2019/03/05||Law Reform Commission's Consultation Paper on Archives Law|
The Chamber supports the proposal to introduce legislation on the management of government information subject to a number of conditions. These include clarification on the definition of “public interest” where an application for exemption under the Personal Data (Privacy) Ordinance is made, and that the proposed Law be applicable to all government and public bodies rather than on a selective basis.
|2019/03/05||Law Reform Commission's Consultation Paper on Access to Information|
The Chamber welcomes the proposal to provide statutory backing to the access of government-held records. At the same time, the Chamber has drawn attention to the need to protect business information and accord the latter with the same level of protection as personal data, while calling for a definition of “public bodies” and those subjecting these the proposed Access to Information Law. The Chamber has also argued that no fee should be levied on requests for information.
|2018/04/19||Consultation Paper on Proposed Amendments to the Codes on Takeovers and Mergers and Share Buy-backs|
The Chamber has called on the SFC to carry out a comprehensive evaluation before implementing its proposals to amend the codes on takeovers and mergers and share buybacks.
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