Recent News From LC Lawyers LLP

LC Lawyers LLP is awarded “Top Tier” firm and Rossana Chu is recognised as “Leading Individual” in The Legal 500 Asia Pacific 2023 The Legal 500 Rankings has announced its 2023 Asia Pacific rankings for law firms, leading individuals by jurisdiction and practice area for The Legal 500 Asia Pacific 2023 edition on 11 January 2023 – a guide that provides unbiased commentary and insight into the lega...

By Fai Li: The pandemic has significantly impacted the economy, making it increasingly difficult for businesses, particularly listed companies, to thrive under current circumstances. As of 31 July, a total of 26 company listings were cancelled in 2022, pursuant to delisting procedures under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (listing rules). Th...

We are pleased to present the latest edition of EY Corporate and Commercial Law global update. The articles in this global update reflect the global reach and diversity of EY Law services, from corporate law to civil law and commercial law to regulatory aspects across 37 jurisdictions, covering Western Europe, Latin America, Central and Eastern Europe and Asia-Pacific. IN THIS ISSUE HONG KONG (pa...

By Rossana Chu: “Some people resign and return to their hometowns, while others rush to the examination field overnight.” ~ This proverb from a 300-year-old Chinese poem perfectly illustrates the phenomenon of the Hong Kong stock market during the past few years. The Stock Exchange of Hong Kong Limited (HKSE) has been putting a lot of efforts on maintaining the competitiveness of Hong Kong as an a...

LC Lawyers receives two accolades for Pro Bono Service: "Gold Law Firm Award" and "Gold Individual Award" of the Year The Law Society of Hong Kong announced the results of Pro Bono and Community Work Recognition Programme 2022 (the 2022 Programme) at the Awards Presentation Ceremony held on 12 December 2022. We are delighted to announce that LC Lawyers LLP has won two accolade...

By Rossana Chu, Jacky Chan: On 19 December 2022, the Hong Kong SAR government published proposals to enhance regulation of crowdfunding activities[1] and launched a three-month public consultation exercise. In this article, we will discuss what crowdfunding is, the existing regulations on fundraising activities, risks of the limitations in the current regime and the proposed measures in respect of...

By Rossana Chu: Issued in July 2022, Hong Kong Stock Exchange’s conclusions to the earlier consultation on the amended listing rules regarding share schemes have been issued by the exchange following consultation. This article summarises the amendments that become effective on 1 January 2023. TYPES OF SCHEMES Listed companies often incentivise employees and other eligible participants by non-cash ...

By Rossana Chu: Currently, in a typical Hong Kong IPO, five business days (commonly known as “T+5”) are required on average from pricing (“T” day) to settlement of new shares for trading on the Stock Exchange of Hong Kong (Exchange). Background Compared with other major listing venues that allow newly listed shares to trade on “T+1”, this is uncompetitive. The existing lengthy settlement process e...