Hong Kong: the Companies (Amendment) Bill 2010

The Financial Services and the Treasury Bureau has announced that the Companies (Amendment) Bill 2010 was passed by the Legislative Council last week and has become law: see here (pdf). One of the changes introduced concerns shareholder remedies: the scope of the statutory derivative action (under Section 168BC the Companies Ordinance) has been expanded to permit a derivative action to be brought on behalf of a company by shareholders in a related company.