Companies Ordinance (CAP 622)

Author: E.L.G. Tyler ; Stefan Lo; Natalie Wong
Publisher: Sweet & Maxwell Hong Kong
ISBN: 9789626615379
Published In: February 2013
Format: Hardback , 886 pages
Jurisdiction: Hong Kong ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Author

Details

For the first time the complete text of the new Ordinance is available together with an Introduction by the Companies Ordinance Rewrite Team highlighting the major changes and guiding principles

THE COMPLETE TEXT OF THE NEW ORDINANCE IN ONE HANDY VOLUME

The Companies Ordinance (Cap.622) is expected to come into force in 2014. The new Ordinance is a complete rewrite, with 921 sections and 11 schedules, and it is imperative that lawyers, accountants, compliance officers, other professionals, and academics become fully conversant with the new provisions.

Some of the major changes include:

Tightening of criminal liability for “responsible persons”
Model and mandatory articles
Adoption of uniform insolvency test
Codification of the common law duty of directors’ care, skill and diligence
Widening of ambit of disclosure of material interest
Holding general meetings through technology
Court free procedure for amalgamations of intra-group companies
Extensions to unfair prejudice remedy, statutory derivative action, members’ inspection of company records and statutory injunction remedy
Modernisation of investigative powers
Security for costs extended to company registered outside Hong Kong

For the first time, the full text of the Ordinance is available, together with an Introduction by Ted Tyler, Stefan Lo and Natalie Wong, the Companies Ordinance Rewrite Team, Department of Justice, which highlights the major changes and the guiding principles behind the new Ordinance.

This should be on the desk of every lawyer, accountant and other professional whose practice will be affected.

Introduction by the Companies Ordinance Rewrite Team (Commercial Unit III)

E.L.G. Tyler – Deputy Principal Government Counsel, Civil Division, Department of Justice
Stefan Lo – Senior Government Counsel, Civil Division, Department of Justice
Natalie Wong - Senior Government Counsel, Civil Division, Department of Justice