The Hong Kong Companies Ordinance (Cap.622): Commentary and Annotations, 2018 Edition

 

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The Hong Kong Companies Ordinance (Cap.622): Commentary and Annotations, 2018 Edition
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42537852
May 2018
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The full and complete annotations on all 921 sections and 11 schedules of the Primary Legislation, as well as all 12 provisions of the Subsidiary Legislation (Cap.622A - 622L) – presented in a 2-volume set.

Highlights of these Commentary & Annotations include:

• Summary and analysis of the key points of the newly added Division 2A to Part 12 and Schedules of the Ordinance focusing on the role of significant controllers and their new due diligence obligations as a result of the 2018 Companies Amendment – implemented to combat money laundering and terrorist financing.


• Each of the newly added ss.653A – 653ZK are reviewed and annotated individually – providing the reader with the detailed analysis needed to understand the each new provision of the Ordinance regarding these new obligations regarding company transparency, including:

(i) New ss.653A-653G along with new Schedules 5A-5C define the ‘applicable company’ who is a ‘significant controller’ of that company now under the duty to be registered and bound to these new disclosure rules;

(ii) New s.653P imposes a duty on the applicable company to obtain information and investigate any person who may be a significant controller;

(iii) New ss.653X and 653ZB requires the applicable company and the significant controller to allow a law enforcement officer to review and inspect all necessary records during the course of its investigations;

(iv) New s.653ZE states that it is a criminal offence for any person knowingly or recklessly provide false statements and not comply with any such inquiry; etc.
• Significant judicial decisions, rules of court, glossary of words and phrases, discussions on practical aspects and contentious issues in reference to each section and other authoritative materials including cross-jurisdictional references to corollary legislation are all updated and incorporated in this 2018 edition.

 

ProView eBook Exclusive Content:

1. Summary of the 2017 Companies (Amendment) Bill
2. Tabled summary of all 21 Parts of the Ordinance
3. Comparative table of the Companies Ordinance
4. Glossary of all terms defined