Hong Kong: ESG reporting on labour and safety matters from 1 July

Late last year, the Hong Kong Stock Exchange issued its consultation conclusions on proposals to enhance the Environmental, Social and Governance (ESG) Reporting Guide and related Listing Rules. Significant changes in relation to disclosure of an organisation’s safety and labour practices will be in force for firms with a reporting period commencing on or after 1 July … Read more

HONG KONG: RETURN TO WORK AND COST MANAGEMENT – A CHECKLIST

The COVID-19 crisis continues to create significant health, social and economic challenges world-wide. Impacted businesses are facing decrease in demand, financial distress as well as supply chain difficulties. In Hong Kong, many organisations are moving past their initial response phase as employees begin to return to the workplace and businesses implement cost management measures to … Read more

HONG KONG SAFETY SNAPSHOTS: THE ROLE OF DIRECTORS

Safety compliance is under increasing scrutiny in Hong Kong. As workplace accident rates remain high, the adequacy Hong Kong’s health and safety laws is under question and greater penalties are called for. At the same time, amendments to the Hong Kong Stock Exchange Environmental, Social and Governance Reporting Guide, make certain safety disclosures mandatory for … Read more

HONG KONG SAFETY SNAPSHOTS: NOTIFICATION OBLIGATIONS FOLLOWING A WORKPLACE ACCIDENT

Responding to a workplace incident presents particular challenges to organisations as a number of complex actions must be commenced, often immediately and often simultaneously. While the health and safety of the injured person and others is the most immediate concern, organisations need to be aware of and adhere to their notification obligations. This safety snapshot … Read more

Hong Kong: Court considers extended scope of springboard injunctions

The scope for springboard injunctions in Hong Kong has been confirmed by the Hong Kong Court of First Instance (CFI) as extending to circumstances where contractual or fiduciary duties have been breached. The CFI found, in McLarens Hong Kong Ltd v Poon Chi Fai Corey, that a breach by senior employees of their fiduciary duties … Read more