ONC Newsletter September 2020

ONC Lawyers
Hong Kong

LEGAL UPDATE
Banking & Finance
•	Transition away from LIBOR
Corporate Finance
•	Listing Rules amendments to codify general waivers and principles relating to IPOs and listed issuers
•	Latest regulatory action on sponsor failure
Commercial Crime
•	Email fraud cases: How best to recover the scammed funds
Regulatory & Compliance
•	SFC seeks restoration orders against company and director for misleading prospectus
Corporate & Commercial
•	Reform of open-ended fund companies regime in Hong Kong
•	Proposed tax concession for carried interest issued by private equity fund in Hong Kong
Insolvency & Restructuring
•	Court of Appeal confirms that “leverage” created by the prospect of a winding-up order amounts to a sufficient benefit to those applying for it
Employment, Privacy and Discrimination
•	Can a managing director be summarily dismissed for fraud perpetrated by his subordinates?
•	The Court of Appeal upheld the “live-in” requirement for foreign domestic helpers
Emerging Technologies & Cyber Law
•	Paying employees in cryptocurrency in Hong Kong: legal considerations
Intellectual Property
•	Are your newly designed sports games protectable under Hong Kong laws?
Shipping & Logistics
•	Will cargo receivers or financiers be responsible for discharge of cargoes and the related cost under a contract of carriage?
Family & Matrimonial
•	When will the court take into account financial support from parents of a divorcing party in granting ancillary relief?
Capital Markets
•	The application of the 2002 ISDA Master Agreement on smart derivatives contracts
China Law
•	How can tech companies survive in China in light of recent US-China tensions?
FIRM NEWS
•	Mr Ludwig Ng is listed as an Asialaw Distinguished Practitioner in Restructuring and Insolvency
•	Admission of Mr Eric Woo as notary public
•	ONC Lawyers and Cheng & Cheng Limited will co-host a seminar on identifying potential IPO candidates and pre-IPO planning
•	ONC Lawyers presented a webinar on anti-bribery and anti-corruption compliance under the National Security Law
•	ONC Lawyers presented a webinar on employment law issues in economic downturn
•	Mr Michael Szeto presented a webinar for members of the Association of Corporate Counsel on challenges in international business
•	Mr Ludwig Ng participated in a roundtable session organised by the HKICPA on the Companies (Corporate Rescue) Bill
•	Mr Sherman Yan wrote an article in the journal of the Hong Kong Institute of Chartered Secretaries on internal control of a company
•	Mr Ray Lee contributed an article to the LexisNexis Hong Kong New Normal Law Guide 2020
•	Mr Dominic Wai contributed to IR Global’s virtual round table series on technology and disputes
•	Mr Raymond Cheung and Mr Michael Lau contributed an article to the Lexis Insight and Lexis Advance® Practical Guidance platform of LexisNexis on 2020 half-yearly review and foresight on mergers and acquisitions
•	Mr Joshua Chu co-authored an article on cryptocurrency and its regulation for Hong Kong Lawyer and Lexology
•	ONC Lawyers celebrates the retention of all trainees finishing training in September 2020
•	ONC Lawyers has launched of our official Facebook account

法律新知
銀行及金融
•	LIBOR將終止的過渡安排
企業融資
•	聯交所修訂《上市規則》以將有關首次公開招股及上市發行人的一般豁免及原則編納成規
商業罪行
•	電郵騙案：追討被騙資金的最佳方法
金融及證券規管
•	證監會尋求法院對刊發具誤導性招股章程的公司及董事發出回復原狀令
公司及商業
•	香港開放式基金型公司制度的改革
•	香港政府擬為私募股權基金分發的附帶權益提供稅務優惠
清盤及重組
•	上訴庭確認清盤令預期所造成的「槓桿效應」足以構成對呈請人的充分利益
僱傭、私隱及歧視
•	常務董事可否因其下屬的欺詐行為而被即時解僱？
新興科技及網絡法
•	在香港以加密貨幣支付僱員薪酬的法律考慮因素
知識產權
•	全新設計的體育運動是否獲香港知識產權法例保障？
航運及物流
•	收貨人及融資人應否承擔承運合同下的卸貨責任及相關費用？
家事及婚姻
•	法院在甚麼情況下會在授予附屬濟助時將離婚雙方的父母提供的財政援助考慮在內？
資本市場
•	《2002 年 ISDA 主體協議》在智能衍生工具合約的應用
本所動態
•	伍兆榮律師獲 Asialaw 評選為重組及清盤領域的傑出律師
•	胡慶業律師獲認許為國際公證人
•	柯伍陳律師事務所及鄭鄭會計師事務所有限公司將聯合舉辦講座講解如何識別潛在的上市申請人及上市前規劃
•	柯伍陳律師事務所舉辦網上講座講解國家安全法下的防止賄賂及貪污法規
•	柯伍陳律師事務所舉辦網上講座講解經濟不景時期的僱傭法律問題
•	司徒肇基律師為 Association of Corporate Counsel 的會員在網上研討會講解國際營商的挑戰
•	伍兆榮律師參與香港會計師公會舉辦的《公司（企業拯救）條例草案》圓桌會議
•	甄灼寧律師於香港特許秘書公會會刊撰文探討公司內部監控事宜
•	李展鵬律師為《LexisNexis Hong Kong New Normal Law Guide 2020》供稿
•	衞紹宗律師為 IR Global 的虛擬圓桌系列探討科技與調解爭議
•	張國明律師及劉俊傑律師為 LexisNexis 的 Lexis Insight and Lexis Advance® Practical Guidance 平台撰寫 2020 上半年合併與收購回顧與展望
•	朱喬華律師為《香港律師》及 Lexology 合撰文章探討加密貨幣及其監管事宜
•	柯伍陳律師事務所聘用全體於 2020 年 9 月完成實習的見習律師
•	柯伍陳律師事務所 Facebook 官方帳戶正式啟用