According to the statistics released by the Hong Kong Company Registry, as of July 2014, there are 1,242,229 local companies incorporated under the Companies Ordinance in Hong Kong, comprising 1,229,450 private companies, 12,211 guarantee companies, and 568 public companies. A total number of 95,408 local companies were newly incorporated in the first half of 2014, with an increase of 7.16% as compared to the second half year of 2013. Meanwhile, 9,463 foreign companies from more than 81 countries were registered in Hong Kong as of July 2014.
The framework of Hong Kong Company Law facilitates and promotes enterprise start-up and growth, playing an increasingly significant role in enhancing Hong Kong as one of the world’s key financial centres. A thorough understanding of Company Law, especially the new Companies Ordinance (Cap 622) and the Companies (Winding-Up and Miscellaneous Provisions) Ordinance (Cap 32) as well as all relevant subsidiary legislation and schedules, therefore, is of paramount importance not only to legal professionals but also to business operators. Sihombing’s Hong Kong Law – Commentary on Cap 622 & 32 is specially designed to help professionals gain a good working knowledge of the Company Law in HK
Sihombing’s Hong Kong Law – Commentary on Cap 622 & 32, published in September 2014, is a pre-eminent guide on company laws and regulations and their practical application in Hong Kong.
This book provides an extensive coverage of legal issues associated with Hong Kong’s Company Law, from incorporation and share capital, management and administration, to winding up, receivership and dissolution. With an emphasis on practical aspects, this book offers strategic solutions to help minimise an organisation’s risk exposure. Readers can benefit from the expert insight in how to achieve regulatory compliance and deal with various corporate governance issues.
Other than insightful commentary, this book contains helpful checklists for the busy practitioner, summaries of recent developments affecting the company law regime, as well as references to local, regional and international landmark cases.
To enable quick and easy location of information, a comprehensive Topical Index, a Section Finding List, and a Case Table are included.
Features and Benefits:
- Provides comprehensive and updated information about the company law environment in HK;
- Brings together a discussion of all the pertinent Hong Kong company laws and their practical application in two accessible publications;
- Offers helpful checklists for the busy practitioner, summaries of recent developments affecting the company law regime, as well as references to local, regional and international landmark cases;
- Well-structured Topical Index and Section Finding List to facilitate quick and easy location of information;