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Enforceability Of Indemnity Clause in favour of Employer
It is not uncommon to find an indemnity clause inserted in an employment contract whereby the employee is required to indemnify the employer in certain situations e.g. loss caused to the employer by clients introduced by the employee. In a Hong Kong High Court case of Black Marble Securities Limited v Lee Yan Chi [2023] HKCFI 1084, the Court examined the enforceability of an indemnity clause requiring a security broker (the Defendant employee) to compensate her employer (the Plaintiff employe...
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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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