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Value of UK crypto-fraud reports increases by 41% in the past year, reaching a record £306m
FTX collapse caused a surge in the value of fraud reports – November’s £115m loss to fraud amounts to 1/3 of annual figure while Hong Kong embraces cryptocurrency opportunities
Read moreUpcoming changes to data protection legislation in Asia
The data privacy landscape in Asia is varied, complex and evolving. We are already seeing the wheels of change in motion as the data privacy laws of several Asian jurisdictions are being updated to reflect more closely the European data protection regime. This article summarises some of those changes.
Read moreUS and Chinese regulators sign landmark agreement on inspection of Chinese audit work
On 26 August 2022, the US Public Company Accounting Oversight Board (PCAOB) and the PRC China Securities Regulatory Commission (CSRC) and Ministry of Finance (MoF) signed a Statement of Protocol that would allow US regulators access to audits of Chinese companies listed on the US stock exchanges.
Read moreInternational law firm RPC launches global legal accelerator programme RPC Tectonic to support tech businesses in the ESG space
International law firm RPC today announced that it is launching RPC Tectonic, a global legal accelerator programme focused on supporting technology businesses which are addressing environmental, social and/or governance (ESG) issues.
Read moreReimbursement of Maternity Leave Pay Scheme in Hong Kong
Hong Kong's statutory maternity leave has been extended from 10 weeks to 14 weeks with effect from 11 December 2020. From 1 April 2021, the Hong Kong Government has started accepting applications to reimburse employers' payment in respect of the extended period of maternity leave.
Read moreRPC hires Hong Kong employment lawyer for its market-leading Commercial Disputes practice in Asia
International law firm RPC has hired Employment lawyer Andrea Randall as Partner to join the firm's Commercial Disputes practice in Asia.
Read moreArbitration or winding up?
In But Ka Chon v Interactive Brokers LLC [2019] HKCA 873, the Hong Kong Court of Appeal upheld a lower court's decision to reject an application to set aside a statutory demand. The appellant had argued (among other things) that an arbitration clause in his agreement with the respondent required their dispute to be referred to arbitration.
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