Monday 8 December 2008

Hong Kong: company law reform - update

The Hong Kong Standing Committee on Company Law Reform (SCCLR) published its 2007/08 annual report on 5 December. The report provides a useful summary of the current programme of company law reform and its guiding principles.

In the press release announcing the publication of the report it is stated that the SCCLR will publish its final conclusions regarding the second and third consultations within the next few months (see here in due course). A draft Bill is likely to be published in the middle of 2009 for consultation before being introduced into the Legislative Council later in 2009.

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