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eNews
Cybercrime in Hong Kong and legal recourse for victims
There has been a significant rise in cybercrimes since the outbreak of COVID-19 pandemic as more people are working from home and shopping online. In 2020, the FBI reported that the number of complaints about cybercrimes to their Cyber Division was up to as many as 4,000 a day; whereas cybercrime reports in Hong Kong rose from 2,206 in 2011 to 12,916 in 2020, and the amount of money involved increased from HK$148 million to HK$2.96 billion. Common types of fraud include e-shopping fraud, bus...
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China Updates
Formalization of Mutual Recognition of Insolvency Proceedings between Hong Kong and Mainland China
On 14 May 2021, the Department of Justice of the Hong Kong Special Administrative Region ("Hong Kong") and the Supreme People’s Court of the Mainland China signed the Record of Meeting on Mutual Recognition of and Assistance to Bankruptcy (Insolvency) proceedings between the Courts of the Mainland China and Hong Kong, allowing liquidators from Hong Kong to apply to Mainland China courts for recognition of insolvency proceedings in Hong Kong. Likewise, bankruptcy administrators from the Mainlan...
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