New Hong Kong Companies Ordinance Tool Kit
The new Companies Ordinance was passed by the Legislative Council in Hong Kong on 12 July 2012 and will come into force on 3 March 2014. This tool kit of publications will guide you through the key areas of change.
Memorandum of Association is retired from the constitutional documents
Abolition of par value for shares
Directors' duty of care, skill and diligence
Corporate Directorship restrictions and Shareholders' Written Resolution procedures
Court-free amalgamation of companies within a group
Execution of Documents
Registration of Charges
Directors' benefits - service contracts, loans and payment for loss of office
Reduction of capital and share buy-backs
Schemes of arrangement and headcount test
Situations where companies are not required to hold AGMs
Articles of association
Companies Registry forms
Directors' liabilities - exemptions, indemnities and insurance
What will remain in the current Companies Ordinance?
The Corporate Governance Review (fourth edition)
Developments in corporate governance written by recognised leaders in the field of corporate governance law from each jurisdiction.