Company Law in Hong Kong: Insolvency, 2020

 

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Company Law in Hong Kong: Insolvency, 2020
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Nov 2019
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Annual Update – updates of the most recent cases and application of the Companies Ordinance (Cap.622) now more than four years after its enactment
 
• The progress of the four main objectives of this Ordinance remains the point of focus:
 
(i) Enhancing corporate governance;
(ii) Ensuring better regulations;
(iii) Facilitating business in Hong Kong; and
(iv) Modernising the law, fours years after its full and complete enactment.
 
Incorporates amendments introduced by the Companies (Amendment) (No 2) Ordinance 2018:
 
(i) Reporting exemption – expanding the scope for simplified reporting
(ii) Updating relevant accounting-related provisions
(iii) Streamlining and clarifying provisions to facilitate compliance
(iv) Display of company names for non-Hong Kong companies
(v) Alignment of penalty provisions relating to financial statements and reports