Butterworths Hong Kong Company Law Handbook, 20th Edition

LexisNexis' 20th Anniversary Flagship Title on the Companies Ordinance

What's new in this edition:

This 20th edition of the Company Law Handbook covers significant recent developments in company law and practice in Hong Kong including commentary on:

• The Companies (Amendment) Ordinance 2018 introduced the new regime requiring companies to keep a significant controllers register in sections 653A - 653ZK.
• Registrar must rectify information on Companies Register on order of court under section 42, see Re Dalny Estates Ltd [2018], Re Cheer Holdings Ltd [2018] and Re Honour Island Development Ltd [2018].
• Articles cannot be rectified or supplemented by implied terms, but action commenced without authority can be ratified, with relation back effect, see section 86 and Yifung Developments Ltd v Liu Chi Keung Ricky [2017].
• Powers of court on hearing of petition-adjournment of petition pending determination of stay of judgment debt in section 180, see Re HK Zexin Resources Ltd [2018]
• The court adopted a new approach to debt subject to arbitration, see Lasmus Ltd v Southwest Pacific Bauxite (HK) Ltd [2018].
• Disclosure of third party funder, see Enrich Future Ltd v Deloitte Touche Tohmatsu [2016] and Re Hellas Telecommunications (Luxembourg) [2017].
• Limitation of action for dividend: depends on whether share certificate under seal, see Yeung Tak Wai v G & G Trading Ltd [2018].
• Cross-border insolvency issues such as foreign members’ voluntary winding up is recognised by the Hong Kong court, see Re Supreme Tycoon Ltd [2018].