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eNews
Navigating the End of the MPF Offsetting Mechanism in Hong Kong : Implications for Employers
The Mandatory Provident Fund (“MPF”) system in Hong Kong will undergo a significant change with the abolition of the MPF offsetting mechanism, effective 1 May 2025, leaving considerable implications for both employers and employees in Hong Kong. This eNews aims to provide clarity on this important development and guide businesses through the transition.
Understanding the MPF System and the Offsetting Mechanism
Established in 2000, Hong Kong's MPF system is a mandato...
China Updates
Greater Bay Area Arbitration Reforms : Enhanced Options for Cross-Border Commercial Disputes
In February 2025, China’s Supreme People’s Court and Ministry of Justice jointly issued new guidelines that significantly expand arbitration options for businesses operating in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”). These new policies, building on existing pilot programmes, represent a major shift in cross-border dispute resolution mechanisms and signal China’s commitment to fostering a world-class, market-oriented business environment in the region.
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