Monday, 18 June 2012

Hong Kong: company law reform update

The Companies Bill - a Bill containing 909 clauses and 10 schedules, the purpose of which is to modernise Hong Kong company law: see here (pdf) - was introduced into the Legislative Council in January 2011. A Bills Committee was subsequently formed to scrutinise the Bill and the Committee's report was published last week: see here (pdf). The Bill is scheduled to receive its second and third readings on 27 June.

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