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eNews
Setting Up a Family Office in Hong Kong
Like other jurisdictions, there is no legal definition of “family office” in Hong Kong and there are few Hong Kong laws governing the management of a family office. It is generally recognised that a family office is a business entity set up to manage the wealth and affairs of a family or multiple families. The set-up and operation of a family office in Hong Kong will be subject to the laws, regulations and practices generally applicable to companies, partnerships and trusts in Hong Kong.
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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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