Corporate

Hong Kong SFC confirms enforcement priorities and approach following strategic review

In its recently relaunched Enforcement Reporter newsletter (see first issue), the Securities and Futures Commission (SFC) has confirmed that corporate fraud and misfeasance, anti-money laundering, Growth Enterprise Market companies and multiple intra-group failings are issues high on its agenda and … Continue reading

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Filed under China, Corporate, Enforcement, Financial Services Regulation, Hong Kong, Investigation and compliance

High Court upholds shareholders’ rights to requisition company EGM

The Hong Kong High Court has rejected an attempt by the board of a company to prevent an extraordinary general meeting requisitioned by disgruntled shareholders seeking to replace a number of board members. In China Investment Fund Company Ltd v … Continue reading

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Filed under Corporate, Hong Kong

Hong Kong court grants leave under new Companies Ordinance to bring unfair prejudice proceedings by way of derivative action

In Yu Yuchuan & Ors v China Shanshui Investment Company Limited (HCMP) 360/2015, Hong Kong’s Court of First Instance granted leave to minority shareholders of Shanshui Investment Company Limited (Shanshui) to bring unfair prejudice proceedings in the name of the … Continue reading

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Filed under Corporate, Hong Kong, Interim applications

Change of share ownership – Singapore court considers implications on joint venture agreement

The Singapore case of Sembcorp Marine Ltd v PPL Holdings Pte Ltd [2012] SGHC 118 (High Court), [2013] SGCA 43 (Court of Appeal) considered the effect of a change of share ownership on the provisions of a 50:50 joint venture … Continue reading

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Filed under Corporate, South East Asia