September 2017 - ACC Docket: ACC Hong Kong Launch Issue
The September 2017 issue of the magazine, Docket, published by ACC features the launch of the Hong Kong chapter as part of the alliance between HKCCA and ACC.
Please click here to find the full magazine.
Please click here for more information on the alliance between HKCCA and ACC.
August 2017 - China Business Law Journal - Accountability: Tighter compliance for banks, financial institutions
In a global effort to increase transparency of financial institutions, FATCA (Foreign Account Tax Compliance Act), CRS (common reporting standard) and country by country reporting have been enacted, among others. While transparency is important in helping identify the responsible person, most new legislation is tax and reporting-focused. Transparency does not entirely remove risk, and it follows that new legislation would not necessarily have the effect of making responsible individuals understand and appreciate risk. To this end, a number of other pieces of legislation have been put in place, which will have a significant impact on how financial institutions and licensed corporations operate. It is expected that these new legislations will go some way towards addressing the issue of accountability.
Read the full article written by Ben Yip, Director of ACC Hong Kong.
Expanding In-House Lawyers’ Horizons with Pro Bono Legal Opportunities
by Star Anise Press Team
On 30 March 2017, Star Anise’s Managing Director, Annie Tang, had the honour of moderating a seminar to HKCCA members at Davis Polk & Wardwell’s offices on the topic of "Pro Bono Legal Opportunities: Expand your horizons by taking up new professional challenges and helping others to access justice". The panel speakers consisted of in-house counsels: Davyd Wong (KPMG) and Sarah Oliver (BNP Paribas) and Director of Claims of Aon Risk Solutions, Specialty Broking, Evelyn Yan.
The seminar covered the following key areas to assist in-house lawyers in getting involved with pro bono legal work. Here’s a brief outline of the areas discussed: - See more at: http://www.staranise.com.hk/knowledge-hub/news-press/expanding-in-house-lawyers%E2%80%99-horizons-with-pro-bono-legal-opportunities.html
Asia Business Law Journal offer to HKCCA members
The Executive Committee of the HKCCA is delighted to announce an agreement with Vantage Asia where for a limited time, HKCCA Members will enjoy an exclusive online access to all Vantage Asia publications.
Members of HKCCA can now register online for free at https://www.vantageasia.com/journal/subscribe/. The login enables all our members access to the current and future issues. As each issue is published, the past issues can be found in Vantage Asia archives, and access is only available to paid subscribers.
As part of HKCCA and Vantage Asia partnership, HKCCA members will have an exclusive online access to past issues, which is valid for one year. Please register and enjoy full access here. After registration, click on the “Subscribe” button and enter the relevant coupon code for each publication.
Please note that this access code is for Hong Kong Corporate Counsel Association members only and is valid until 30th November 2016.
August 2016 - Chinese Business Law Journal 67 - Embracing the Need for Disruption
If you ask the CEO of a Global Fortune 500 company about the greatest challenge facing his or her company today, “disruptive innovation” will probably be the answer. That’s not surprising in this age of information, marked by fast product cycles, disruptive products and innovation, increased regionalization, supply chain complexity, cloud technology, IoT (internet of things), smart devices and big data.
Some market research reports forecast that by 2020, 50 billion devices will directly connect with one another, creating dynamic communities and streamlining communications, and by 2025, IoT may have a potential economic impact of between US$3.9 trillion and US$11.1 trillion per year. IoT will impact homes, offices, factories, retail, and worksites.
Times have changed. Powerful technologies are transforming business. Information is free and real-time. Mobility is trending, available for anyone, anywhere, anytime. Cloud has massive power, extensive scale and low cost. For in-house lawyers, the new era requires rethinking and reshaping of our role. How can we be well prepared and stay ahead of changes?
Read the full article written by Beverly Chau and Michelle Wei, Directors of the HKCCA: CBLJ 67 (2016-0708)_EmbracingDisruption.pdf
The UK Bribery Act is very clear when it comes to corporate responsibility for bribery and corruption. Under this law,companies can be prosecuted for failing to implement the necessary policies and procedures to prevent bribery. The USForeign Corrupt Practices Act (FCPA) takes a similar, albeit less hard-line approach to the issue of corporate responsibility, and as such it is essential for Asian organisations that fall under their remit to develop a robust anti-corruption framework that actively aims to prevent corruption and mitigates the risk of violations. Other jurisdictions also have strict anti-corruption legislation with or without extra-territorial reach. Even though historically anti-corruption legislation may not have been diligently enforced, the trend is quickly changing, following FCPA’s footsteps.
In order to properly protect your organisation against bribery and corruption and mitigate the risk you face, there are four key steps companies in Asia should follow. These steps are widely recognised as tried-and-tested best practices, implemented by leading companies all over the world as a defence against FCPA and UK Bribery Act violations.
To read more on this campaign please click: ProtectingYourOrganisation_Jan2013.pdf