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You and your best friend have a brilliant business idea and decide to give Musk a run for his money. So, you decide to split everything down the middle. Fair right? No problems, right? Think twice. Given the somewhat changeable nature of business operations and decision making, shareholder disputes are not uncommon. Shareholders holding 50% each in a Company may lead to a shareholder deadlock. A d...

Across the world, family businesses are the foundation on which economies are built. Most family-owned businesses desire a successful continuity of their business from one generation to the next. Continuity and long-term planning are critical for achieving a legacy. What is Succession Planning? Succession planning in an ongoing process, which needs careful preparation for the smooth transition of ...

LC Lawyers shortlisted for four ALB Hong Kong Law Awards 2022 We are pleased to announce that LC Lawyers LLP has been shortlisted as a “Finalist” in the following four categories at the ALB Hong Kong Law Awards 2022 presented by Asian Legal Business (ALB). The winners will be announced at the awards ceremony on 9 September 2022. Finance Deal of the Year Rising Law Firm of the Year Transactional ...

By Walter Silvester If you are ready to start investing, there’s quite a bit you should know before you dive in. One of the best ways to avoid making money mistakes is to ask the right questions. The more you ask before investing, the more at peace you will be after you put in money. Most shares and investments will be in one of the three categories below, or some variation thereof. 1.Equity Shar...

The government has recently published draft legislation which, if formally adopted, would introduce significant changes to the rules that apply to transfers of assets between spouses and civil partners who are in the process of separating. At present, where there are assets (typically a property or shares in a business) to distribute between separating spouses or civil partners, any transfers will...

On divorce (and dissolution of a civil partnership) the court has the power to order one spouse to pay spousal maintenance (otherwise referred to as periodical payments) to the other spouse on a monthly or annual basis for a set period of time or indefinitely. This is an important power of the court particularly if the spouse in the weaker financial position is struggling to meet their income need...

Under s. 45 of the Stamp Duty Ordinance, transfers of Hong Kong stock and immovable property are exempt from Hong Kong stamp duty where the transferor and transferee are associated bodies corporate. Though the definition of an associated body corporate relies upon the concept of “issued share capital”, a recent court decision confirms that bodies corporate without equity interests referred to in c...

The Complainant in this case brought a claim to the Workplace Relations Commission (“WRC”) under section 77 of the Employment Equality Acts 1998-2015 (the “Acts”) claiming that he was treated less favourably in the course of his employment due to his disability. The less favourable treatment complained of included victimisation, harassment, and failing to provide reasonable accommodation. The Comp...