Hong Kong Revises Bank Market Entry Criteria

by Mary Swire, LawAndTax-News.com, Hong Kong

Thursday, May 17, 2012

Amendments to the Banking Ordinance, which seek to update market entry criteria for Hong Kong's banking sector, will be submitted to the Legislative Council on May 23 and, subject to its negative vetting, will take effect on July 12, 2012. Read Full Story

Hong Kong Abolishes Corporate Capital Duty

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, May 15, 2012

The Registrar of Companies, Ada L L Chung, has announced that the capital duty currently levied on Hong Kong companies will be abolished from June 1, 2012. Read Full Story

Hong Kong Progresses Arbitration Centre Credentials

by Mary Swire, LawAndTax-News.com, Hong Kong

Tuesday, May 15, 2012

As part of the government's determination to develop Hong Kong into a regional dispute resolution centre, in particular as an international arbitration hub in the Asia Pacific, the Secretary for Justice, Wong Yan Lung, has announced a broad consensus in Hong Kong on the setting up of an industry-led single accreditation body for mediators. Read Full Story

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