The hiring needs for in-house legal and compliance professions in Hong Kong have been impacted by multiple challenges that have persisted from late 2022 into 2023. Download this market update now to stay on top of the market outlook of the legal & compliance sector of Hong Kong: https://orlo.uk/d3Qn4 #RobertWaltersHongKong #Legal #Compliance
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Still think China won’t crack down on your company? Still think they won’t lock up your employees? Here’s a real headline from CNN about China taking action against allegations of national security risk: “China fines US due diligence firm Mintz Group $1.5 million for ‘unapproved’ investigations” Mintz is accused of doing “unapproved statistical work” during 37 investigations they conducted between March 2019 and July 2022. Saying “I told you so” rarely goes over well. But what never goes over well is being responsible for huge fines and jail time, both of which are completely avoidable. Mintz received more fines for failing to pay the fines issued back in January of 2023. Mintz’s entire team working on-site in China was first detained in January of 2023 and has been there ever since because Mintz refuses to pay. Can you imagine having your employees locked up because of your inaction? This is exactly how NOT to handle this situation. You might think it’s as simple as getting a strong, respected litigation team. Nope. It’s much more complex than that. Being on the ground, knowing all the nuances of compliance law in China, I’ve learned that even the big 4 law firms are clueless about what to do. It’s simply too new of a process and you need to be a true expert to know how navigate it. We’ve helped many law firms and consulting firms get compliant and avoid the exact situation plaguing Mintz. The best defense is never becoming an offender of Chinese compliance law. How do you think this situation will end for Mintz? Tell me below. 👇 #china #compliance #datasecurity
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In our ongoing mission to support legal professionals with robust tools and up-to-date information, we've noticed a significant trend in the enhancement of business verification processes. Law firms are increasingly adopting innovative technologies to ensure due diligence and compliance, particularly in complex markets like China and Hong Kong. A recent example illustrates how integrating real-time business verification tools can empower legal practices to offer more reliable and efficient services to their clients. These tools not only streamline the verification process but also ensure compliance with international standards. Understanding the specific needs of legal professionals, such technologies are designed to provide deep insights and ease the complexities involved in international business verifications. This is a game changer in how legal services manage risks and uphold the highest standards of practice. #LegalTech #Compliance #Innovation #LegalProfessionals
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Empower your business with legal compliance through our employer advice in Singapore! 🇸🇬💼 Gain insights and support to ensure smooth operations. Learn more at www.visaservices.hk. #SingaporeVisa #EmployerAdvice #LegalCompliance #VisaServices #BusinessEmpowerment #EmployerSupport #VisaAssistance #SingaporeBusiness
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New Company Law – China – July 1st, 2024: 4th change: Changes to requirement to appoint a supervisor / board of supervisors Wonderful that the Chinese authorities are simplifying some aspects of corporate governance for China companies. Subject to certain conditions, China companies can either opt-out of appointing a supervisor / board of supervisors (for 'Small Enterprises') or, for other companies, instead transfer the responsibilities of a supervisor / board of supervisors to an audit committee of the board of directors – starting on July 1st, 2024. This appointment of a supervisor was always unusual for our Western clients classified as SMEs, often misunderstood and the relevance of a supervisor was questioned – our clients could appoint the same individual (Chinese/non-Chinese, based or not based in China) for the legal representative, executive director, and general manager roles BUT they had to appoint another individual for the supervisor role. This change will be a welcome aspect simplifying the incorporation and compliance processes for China companies.
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Register now to advance your career and fulfil the requirements today. For further details, please refer to https://lnkd.in/gVzu5DH or Please contact us on 2811 1708 or via email at [email protected] #sfc #sfchk #sfo #compliance #compliancehk #connsultancy #consulting #legislation #legal #regulation #advisory #ongoing #regulatory #corporations #solution #finance #hongkong #online #training #insidertrading #email #career #digital #platforms #compliancetraining #regulatory #marketmanipulation #careerdevelopment #casestudy #casestudies #liability
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China Update: From July 1, 2024, the updated Company Law in China will take effect, introducing 112 new or revised articles. Key changes include: - Capital contributions within five years - Enhanced public information disclosure liabilities - Increased internal supervision for company governance - Greater flexibility in appointing legal representatives - Streamlined company deregistration processes These updates are designed to improve corporate governance and operational efficiency.
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SINGAPORE: It is with great excitement that we unveil LexisNexis Southeast Asia (https://lnkd.in/gyVtiK4i) as our distinguished Prominent Sponsor for the upcoming Global Legal ConfEx in Singapore, scheduled for February 20, 2024!" 🌟 About the Sponsor: LexisNexis Southeast Asia Legal & Professional is a leading global provider of information and analytics that enable professionals in legal, corporate, government and non-profit organizations to improve decision-making and achieve better business outcomes. We’re a part of RELX Group, serving customers in more than 130 countries with 10,000 employees worldwide. Our information network contains 3 petabytes of legal and news data with 65 billion documents. That’s 150 times the size of Wikipedia and doubling every three years. Across the globe, we combine content, technology and analytics to advance the rule of law and shape a more just world where all are equal under the law. Website: https://lnkd.in/gyVtiK4i 📣 For details about event speakers, agenda, and registration, click here: https://lnkd.in/dAretQB7 🗓️📢 This event is designed to bring together a diverse community of legal professionals and industry experts, providing valuable networking opportunities. Attendees will encompass General Counsel, Heads of Legal Departments, Litigation Managers, Risk and Compliance Professionals, Chief Legal Officers, Data Privacy Officers, Law Firm Partners, Legal Technology Professionals, and Service Providers. 🤝📚💼🔐 #litigation #legalservices #ediscovery #legaltranslation #risk #compliance #contractmanagement #dataprivacy #cybersecurity #arbitration #governance #legaltechnology #disputemanagement #globallegalconfex #whitecollarcrime #singapore #apac #physicalevent #events4sure Kayley A. Chloe Wong Pankaj Parnami Events 4 Sure
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Corporate governance and compliance are essential for companies, regardless of in which they operate. In Hong Kong, a major global economic hub recognized for its competitive business environment, keeping high standards of company governance and compliance is important for fostering transparency and integrity inside the market. Corporate Governance in Hong Kong Corporate governance refers back to the policies, practices, and tactics that manual the control and route of a corporation. In Hong Kong, those mechanisms are governed with the aid of a complete set of legal guidelines and pointers aimed toward improving transparency, duty, and integrity. Legal Compliance in Hong Kong Legal compliance includes adhering to legal guidelines, guidelines, and requirements applicable to a organisation's operations. In Hong Kong, groups ought to observe various felony necessities related to corporate governance, taxation, employment, and highbrow property. #sfaiglobal #sfaiasia #hongkong #governance #compliance
Corporate Governance and Legal Compliance in Hong Kong SONG
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When one moves to a rival company, should the previous employer be able to enforce interim injunctions based on non-compete and confidentiality agreements? Eng Beng Lee, SC (Senior Partner), Timothy Ang Wei Kiat (洪伟杰)(Partner), and Yulin Liu (Associate) from our Commercial Litigation practice recently successfully persuaded the Singapore High Court to rule in favour of our client (the former employee) in the case of MoneySmart Singapore Pte Ltd v. Artem Musienko [2024] SGHC 94. The Court lifted the interim injunctions, finding the non-compete clause in question unenforceable, and the confidentiality claim unsubstantiated. This decision highlights the importance of fair and equitable employment practices and what companies should be mindful of when including non-compete clauses. Read more about the case: https://lnkd.in/gzkTfFap Lee Eng Beng, SC: https://lnkd.in/egnkGWnh Timothy Ang: https://lnkd.in/gTR__Gfk Commercial Litigation practice: https://lnkd.in/gVRh6fY #casehighlight #successful #win #interiminjunction #noncompete #confidentialityclaim #confidentiality #clause #employment #commerciallitigation #litigation #dispute #highcourt #law #legal #lawyer #Singapore #southeastasia #asia #asiapacific #RajahTannAsia #RTA #LawyersWhoKnowAsia #LWKA
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