New companies ordinance expected to take effect in 2014
Rewriting the Companies Ordinance (CO), Hong Kong’s primary corporate statute, was no doubt a long and arduous process. The work, which was started back in 2006, eventually began to bear fruit when the Companies Bill was finally passed by the Legislative Council on 12 July 2012 and gazetted on 10 August 2012, following at least five rounds of public consultation.
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Earlier this year Clyde & Co revealed a 33 per cent climb in corporate revenue, from £53m to £70.7m.