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Foreign Plaintiff with no Assets in Hong Kong Avoids Security for Cost Order
Introduction To maintain fairness as to legal costs between the parties, a defendant may apply to the Court under the Rules of High Court (“RHC”) for the plaintiff to pay a certain sum of money into Court to ensure that the defendant can secure the amount of legal costs that he will be entitled to recover from the plaintiff if the defendant eventually wins the case. This application ensures that the interests of a successful defendant can be protected by being compensated for at least a por...
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China Updates
Proposed New Amendments to the China Company Law
On 20 December 2021, the “Company Law of the People’s Republic of China (Draft for Revision) 中华人民共和国公司法(修订草案) (the “Draft”) was submitted to the Standing Committee of the National People’s Congress for deliberation and it was then made available for public comments. Enacted in 1993, China’s current Company Law has gone through many revisions including amendments to several provisions in 1999 and 2004, a comprehensive revision in 2005, and two important ame...
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