Thursday, February 27, 2020

Maisie Ooi on Rethinking the Characterisation of Issues Relating to Securities (J of Private Int'l L)

"Rethinking the characterisation of issues relating to securities"
Published online on 16 Dec 2019
Abstract: This article contends that there is a pressing need to rethink the characterisation of issues relating to securities, both complex and plain vanilla. It will demonstrate that the less than coherent choice-of-law process that exists for securities today is a consequence of courts utilising characterisation categories and rules that had not been designed with securities in mind and applying them in disregard of the new dimensions that securities and their transactions bring to characterisation. These have resulted in rules that do not provide certainty and predictability to participants in the securities and financial markets.
     The thesis that this article seeks to make is that a new characterisation category is required that is specific to securities which will encompass both directly held and intermediated securities (possibly also crypto-securities), and address issues of property, contract and corporations together. This will have its own choice-of-law rules which will be manifestations of the lex creationis, the law that created the relevant res or thing that is the subject-matter of the dispute. The convergence of issues traditionally dealt with by separate categories and rules will simplify and make for more coherent choice-of-law for securities.

Wednesday, February 26, 2020

Richard Cullen on Woolf Wisdom (Social & Legal Studies Blog)

"Woolf Wisdom"
Richard Cullen
Hong Kong’s Basic Law is a law of the National People’s Congress (NPC) of the People’s Republic of China (PRC). It was passed by the NPC in 1990 under the authority conferred on the NPC by Article 31 of the PRC Constitution of 1982. The Basic Law provides the fundamental, regional legal foundations for governing the Hong Kong Special Administrative Region (HKSAR) within the PRC under the One Country Two Systems (OCTS) formula.
     As I write, there is some suggestion that the NPC Standing Committee (NPCSC) may issue an Interpretation under Article 158 of the Basic Law to stipulate, explicitly, who may determine the compatibility of laws and regulations with the Basic Law. It is unclear if this will happen or how sweeping any such stipulation may be, if delivered. We know, based on the wording of Article 158 and the decision of Hong Kong’s Court of Final Appeal (CFA) in Lau’s case, in 1999, that the NPCSC enjoys a plenary power to issue interpretations of all components of the Basic Law on its own initiative at any time. All such interpretations are binding in the HKSAR. These Beijing moves arise from the overturning, by a Hong Kong court, of a regulation banning the wearing of masks at public demonstrations in the HKSAR... Click here to read the full text. 

Tuesday, February 25, 2020

Senior Lecturer Alison Cole Joins HKU Law's Human Rights Experiential Learning Team

Welcome to Alison Anitawaru Cole who joins the Department of Law as Senior Lecturer, working closely with the Human Rights Experiential Learning programme. Ms Cole will contribute to the Faculty of Law's practitioner-based research through her experience working in climate litigation and war crimes investigations with the United Nations. She will begin her work at HKU co-teaching the course entitled Human Rights in Practice. 
  Whilst working as a legal practitioner, Alison was also an adjunct professor at New York University Law School and most recently at Victoria University Wellington in her home country of New Zealand. She has written a wide variety of academic and media publications, including front-page coverage for The Guardian on international criminal law. Alison holds a first-class honours BA in law from Cambridge University, and participated in the European Erasmus exchange at Utrecht University. She obtained her LLM degree from Harvard Law School and is currently completing a PhD at Amsterdam University. Alison is a registered New York attorney, and is also admitted to the Lincoln’s Inns of Court in London. 
   Alison is one of the few people in the world who has worked at all the United Nations international criminal tribunals, covering a range of responsibilities. She first worked in prosecutions at the International Criminal Tribunal for Rwanda, before transferring to investigations at the International Criminal Court and at the Khmer Rouge Tribunal in Cambodia. She has also worked for the appeals judges at the International Criminal Tribunal for the Former Yugoslavia and for the Registry at the Special Court for Sierra Leone. Following these positions with the UN tribunals, Alison worked on policy development as the Open Society Justice Initiative in New York, where she developed human rights and international justice strategies with local partners around the world. Most recently she worked as the human rights advisor on the national inquiry into allegations of war crimes regarding New Zealand troops. Her current focus is on litigation for climate change solutions in partnership with practitioners and academics in the Pacific and South East Asia through the student-led organisation the Asia Pacific Solidarity Network. 
     Her photographs in this post show her with her Maori cultural heritage from her grandparents (the indigenous population of New Zealand) and her dog.

Monday, February 24, 2020

Kelley Loper on the Courts, Public Opinion and the Rights of LGBT Persons: A Hong Kong Perspective (Austr J Asian L))

Australian Journal of Asian Law
Vol. 20, No. 1, Article 4, 2019
Published on 31 Jan 2020
Abstract: In recent years, courts in many jurisdictions have considered the relevance of societal consensus when judicially reviewing policies that affect the rights of sexual orientation and gender identity minorities. This article focuses on three landmark cases concerning transgender marriage and the rights of same-sex couples in Hong Kong, where the apex court has produced relatively progressive rights jurisprudence. A study of these decisions offers comparative insights about the role of public opinion when judges resolve potentially controversial claims involving the rights of lesbian, gay, bisexual and transgender (LGBT) persons. It examines the lower courts’ reliance on, and the Court of Final Appeal’s ultimate rejection of, consensus as a factor when justifying limitations on fundamental rights. At the same time, this analysis suggests that a more nuanced approach — entailing both resistance and responsiveness to public opinion — may be warranted. The Hong Kong jurisprudence sets the stage for developing alternative understandings of consensus which could enhance judicial contributions toward broader discussions in support of LGBT rights protection.  Click here to download the paper.

Sunday, February 23, 2020

Ryan Whalen et al on Semantically-based Patent Thicket Identification (Research Policy)

Mateusz Gątkowski, Marek Dietl, Łukasz Skrok, Ryan Whalen, Katharine Rockett
Published online on 3 Feb 2020
Abstract: Patent thickets have been identified as a major stumbling block in the development of new technologies, creating the need to accurately identify thicket membership. Various citations-based methodologies (Graevenitz et al., 2011; Clarkson, 2005) have been proposed, which have relied on broad survey results (Cohen et al., 2000) for validation. Expert evaluation is an alternative direct method of judging thicket membership at the individual patent level. While this method potentially is robust to drafting and jurisdictional differences in patent design, it is also costly to use on a large scale. We employ a natural language processing technique, which does not carry these large costs, to proxy expert views closely. Furthermore, we investigate the relation between our semantic measure and citation based measures, finding them quite distinct. We then combine a variety of thicket indicators into a statistical model to assess the probability that a newly added patent belongs to a thicket. We also study the role each measure plays, as part of creating a prospective screening model that could improve efficiency of the patent system, in response to Lemley (2001).

Friday, February 21, 2020

Syren Johnstone on Why Coronavirus Crisis Shows a Need to Track Donation Dollars and How China’s Tech Industry Can Help (SCMP)

"Coronavirus crisis shows a need to track donation dollars. Here’s how China’s tech industry, through blockchain and AI, can help"
South China Morning Post
5 February 2020
Much anger has been directed at the Hubei Red Cross for its handling of donations intended for the Wuhan coronavirus crisis. After Beijing ordered all public donations to be funnelled through five government-backed charity organisations, there was widespread concern that donations were not being put to use where needed. So, how can we do better in delivering supplies to people in need and instilling confidence in the organisations charged with managing humanitarian crises? Doing better may depend on the modernisation of charities through technology. Click here to read the full text.

Syren Johnstone on COVID-19 versus the Red Cross: Better Solutions via Blockchain and Artificial Intelligence (SSRN)

Syren Johnstone
Published on 3 Feb 2020
Abstract: “One of the lessons learned was that emergency response must be better developed at the local level.” This is what the Red Cross said on the 10 year anniversary of the deadly Wenchuan earthquake in Sichuan province in western China. Billions of dollars had been donated following the Sichuan earthquake but had been “mishandled”.
This article addresses what should be a simple question: how can we do better? Doing better facilitating the delivery of supplies to people in need. Doing better to stimulate confidence in the organizations charged with managing humanitarian crises.
     The present crisis is a call to arms for China’s tech industry, which has the know-how and resources to radically change the landscape of crisis response and the management of donations through the implementation and use of blockchain and artificial intelligence.
     Together with global technologists, fundamental changes are needed to the structure and method of how such crises are handled. The time to develop, on a collaborative basis, borderless solutions to issues of common humanitarian concern is now.  Click here to download the paper.

Thursday, February 20, 2020

Call for Papers: Special Edition of Asia-Pacific Journal on Human Rights and the Law on the 2015 Andaman Sea Crisis

The Andrew & Renata Kaldor Centre for International Refugee Law and the Asia-Pacific Journal on Human Rights and the Law invites proposals for articles to be included in a special edition of the Journal marking 5 years since the Andaman Sea ‘crisis’ of mid-2015. The purpose of this special edition is to provide high quality peer-reviewed scholarly articles reflecting on the events of 2015 and subsequent developments, including the exodus of Rohingya from Myanmar in 2017, from a range of national and regional perspectives. 
     Authors wishing to contribute an article are invited to submit a short abstract/proposal (max 1 page) for consideration for inclusion in the special edition. Proposals should include: 
• a working title;
• an overview of the article’s content and argument;
• a brief discussion of how the proposed article makes an original contribution or offers a new perspective to existing literature on the topic; and
• the name, affiliation and contact details of all authors.
   Proposals are due by 2 March 2020. Authors of successful proposals will be notified in mid-March 2020, and final articles will be due in July 2020. Articles should be 7000 words maximum in length (including references), plus an abstract, and should follow the OSCOLA (4th edn.) standard for the citation of legal authorities. Publication in the Journal will be subject to the outcome of the peer review process. The special edition will be published in early 2021. To submit your proposal and for more information, please contact Madeline Gleeson at madeline.gleeson@unsw.edu.au.

New Book: Archbold Hong Kong 2020 (Sweet & Maxwell)

ARCHBOLD HONG KONG 2020
Editor-in-Chief: The Hon. Mr Justice Bokhary
General Editor: Professor Simon Young
Sweet & Maxwell
December 2019
Preface by the General Editor
Since the anti-extradition bill protests began in June 2019, thousands have been arrested, hundreds charged, and the numbers continue to grow. The public will closely follow these protest-related cases as they enter and make their way through the criminal justice system. Criminal justice in these turbulent times presents new challenges to those who contribute to the administration of justice in Hong Kong. If it were not for the extradition bill and ensuing protests, many students, young people, teachers, professionals and other law-abiding residents would not be caught up in the system. Whether they will feel contempt or respect for the system at the end of their case may well depend on how they are treated within the system. Perceptions of defendants being treated unfairly will have long term consequences for people’s respect for the law and confidence in the administration of justice. 
     A sudden influx of a large number of new cases also comes with its own challenges. Existing resources will be stretched in different ways and delays in the system will follow unless resources are appropriately augmented. Maybe the net increase in cases will not be as great as one might expect as considerable police resources have been diverted from regular policing to policing protesters. 
     Some have wondered whether the circumstances, as extraordinary as they are, call for a general amnesty from prosecution. An amnesty is a controversial political issue that should be debated in the legislature. On one hand, an amnesty suspends the principle of having legal consequences for one’s actions; on the other, it provides an expedient way for society to move on from a period of civil unrest. A continuous stream of delayed and prolonged criminal prosecutions will remind people of the underlying political conflicts and make it difficult to achieve reconciliation. Criminal cases from the civil disobedience protests of 2014 and 2015, which now pale in comparison to the violence seen in 2019, are still making their way through the courts. There are alternatives to an amnesty worth debating. Adopting new limitation periods to the laying of charges for certain offences will help to bring closure within a reasonable time without a wholesale suspension of prosecutions and legal responsibility. An early diversion programme for minor first time offenders is another alternative. 
     At a forum held at the University of Hong Kong in early September, one first-year LLB student asked if he had just joined a “sunset industry”. On the contrary, now more than ever Hong Kong needs dedicated and knowledgeable criminal lawyers to protect the rights of defendants and help them make informed decisions as they navigate through the criminal process. In pursuing resolute and fearless advocacy for one’s client, there is also the importance of civility. All must guard against allowing the incivility on the streets from being replicated in the courtroom. As Justice Moldaver wrote in Groia v Law Society of Upper Canada, 2018 SCC 27 at [67], “incivility can erode public confidence in the administration of justice – a vital component of an effective justice system”. Moreover, civility, rather than incivility, is “often the most effective form of advocacy” (at [76]). 
     If there is anything positive to come from the 2019 protests, hopefully it is greater attention paid by the government and legislators to the issue of youth justice. The number of young people becoming entangled in the criminal justice system is alarming, and their future after a sojourn in the system appears dim. Recent judgments of the Court of Final Appeal have helpfully clarified that young age is “always a relevant mitigating factor” because “the better opportunity for reformation and rehabilitation… must assume greater significance” (Secretary for Justice v Wong Chi Fung (2018) 21 HKCFAR 35 at [84]; Secretary for Justice v Leung Hiu Yeung (2018) 21 HKCFAR 421 at [51]). Legislative reforms are also warranted, beginning with the abolition of section 109A(1A) of the Criminal Procedure Ordinance (Cap 221), as recommended by the Law Reform Commission of Hong Kong in February 2014. This reform would enable the youth sentencing principles in section 109A(1) (i.e. jail as a last resort and the duty to obtain and consider information about the young person) to apply to all offences. Legislators should also debate a more basic question of whether a different paradigm to trial and sentencing should apply to persons under the age of 21 years. 
     Despite these challenges, criminal justice in turbulent times will be mostly business as usual. The system will continue to dispense justice in accordance with the law. Like our first-year student, some perceive the 2019 unrest as severely damaging the rule of law. But the foundations of rule of law in Hong Kong run deep and remain strong, free from corrosive elements, such as systemic corruption or ineptitude, seen in other places. Deep-rooted values and principles of the common law serve to ensure the system operates with fairness, integrity and humanity. These do not suddenly disappear when a political crisis has led to violence on the streets. 
     These values and principles are reflected in many judgments collected each year in this work. I highlight five cases from the past year. Note should be taken of the care and attention paid to the right to interpreter assistance in HKSAR v Moala Alipate [2019] 3 HKLRD 20 (CA), the decision not to order a retrial in HKSAR v Tsang Yam-Kuen, Donald (2019) 22 HKCFAR 176, the legal principles on reversal of guilty pleas set out in HKSAR v Chan Chi Ho Lincoln (2018) 21 HKCFAR 588, when ignorance of the law can be a defence as explained in HKSAR v Shum Wai Kee (2019) 22 HKCFAR 11, and when unfairness can arise from a duplicitous conspiracy charge, a complex area of the law made clearer in HKSAR v Chen Keen (alia Jack Chen) [2019] HKCFA 32. I thank my three able assistant editors and Ms Alisha Nanwani for all their helpful assistance. 

Professor Simon NM Young
Parkside Chambers
3 October 2019

HKU Law academics serving as Contributing Editors in this year's volume include Amanda Whitfort (1. The Indictment; 13. Evidence of Similar Facts; 46. Animals), Simon Young (11. The Hearsay Rule; 19. Human Rights), and Michael Jackson (17. Principals and Secondary Parties; 18. Strict Liability).

Wednesday, February 19, 2020

Brian Tang on the State of Legal Innovation in Hong Kong 2019

"Chapter 3, Hong Kong"
Singapore Academy of Law
pp. 38-54
Introduction: Legal innovation, newlaw, lawtech, legaltech, regtech, suptech and govtech are phrases that are increasingly (and often confusingly) being used interchangeably, in deliberations and pronouncements about the confluence of emerging technologies (such as automation, artificial intelligence (“AI”), data analytics and distributed ledger technologies such as blockchain) and business models (such as outsourcing and online or software subscriptions) that is impacting the delivery of legal and regulatory services. Whether such developments normatively constitute legal innovation or legal disruption is in the eye of the beholder, and depends on who the purported beneficiary or client is: 
(a) Law firm market – the beneficiary or customer is the law firm seeking to improve its delivery of services that augments or at least maintains the profitability of partners of those legal professional services firms (often associated with the term “Legaltech”, “NewLaw” and “alternative legal service providers”).
(b) Corporate counsel and regulatory compliance market – the beneficiary or customer is the in-house lawyer and/or compliance officer who is also seeking such improvements, but at the same time often with priorities relating to internal efficiencies and cost savings, which could be detrimental to the profitability of lawyers in the first category (often associated with the term “Legaltech” and “Regtech”).
(c) Governments, regulators and the judiciary – the ultimate beneficiary or customer is the ordinary citizen and/or small and medium enterprise who seeks to benefit from easy-to-use and low-cost governmental and regulatory services and access to justice (often associated with terms “Suptech and “Govtech”). Such initiatives, as well as the emergence of certain legaltech providers, may well disintermediate some of the current service providers, similar to the way fintech is disintermediating large segments of the financial industry. In many cases, governments also have a national agenda to remain competitive in the global environment of cross-border trade that is increasingly online and where data and digital identity are key strategic components.
At its core, these discussions relate to the changing structure and composition of the legal profession and market, in circumstances where large corporate clients are increasingly unwilling to pay for the work of trainees and newly-qualified lawyers, 2 and emerging technologies are narrowing the traditional law firm pyramid by replacing or at least changing the roles played by junior lawyers. This report is a brief summary of the State of the Legal Profession and Innovation in Hong Kong.. Click here to read the full text.

Meet the People Behind LITE Lab@HKU (Law, Innovation, Technology and Entrepreneurship)



Brian W Tang is executive director of LITE Lab@HKU, University of Hong Kong’s new interdisciplinary and experiential programme to foster law, innovation, technology and entrepreneurship (LITE) led by the Faculty of Law in conjunction with the Department of Computer Science. Brian is a frequently invited international speaker on his practice and research areas of law and innovation, capital marketplaces, regtech, lawtech, AI governance, virtual assets and future skills. His work was featured on CNBC’s Learning Curve Series and in Diana Wu’s book Future Proof: Reinventing Work In the Age of Acceleration (2019).
     Brian is co-chair of the Fintech Association of Hong Kong’s RegTech Committee, co-founded the APAC Regtech Network, and sits on IEEE’s Global Initiative on Ethics on Autonomous and Intelligent System’s Policy Committee, the HKU Fintech Index Advisory Board and the Asia-Pacific Legal Innovation and Technology Association (ALITA)’s Steering Committee
     Brian is founder of ACMI and Young Makers & ChangeMakers, and organized Hong Kong’s first legaltech and regtech hackathons in conjunction with Global Legal Hackathon and smart legal contract challenge in conjunction with Computational Law & Blockchain Festival. He has been invited to be a mentor for Bizkathon@HKUST 2019, MIT Entrepreneurship & Fintech Integrator 2019, Ocean Park x HKU Hackathon 2019, iDendron Incubation Programme, Hong Kong Law Society Innotech Law Hackathon and Fintech SuperCharger, and a judge for Barclays DerivHack 2019, WSJ Financial Inclusion Challenge Awards and Microsoft ImagineHack 2017. He was also an instructor for blockchain incubator Helix Accelerator
     Brian is an avid proponent of blended learning, being a principal instructor of Asia’s first FinTech MOOC on edX that has more than 40,000 learners in every country worldwide and contributed to HKU’s Blockchain and Fintech MOOC as well as to the Hong Kong Society of Financial Analyst’s Fintech Video Series on capital market and regtech. 
     Brian has spent nearly 20 years at global investment bank Credit Suisse in Hong Kong, and at law firms Sullivan & Cromwell in New York and California and Mallesons in Perth, Australia, where he advised on some of the world’s largest and first-ever financial services and technology capital markets and M&A deals, project bonds and microfinance. With responsibilities at Credit Suisse covering Asia-Pacific (ex-Australia and Japan), Brian has worked on IPOs in nearly every Asian jurisdiction, and some landmark transactions include the dual-listings of China Telecom (NYSE/HKEx), ICBC (HKEx/SSE), UC Rusal (HKEx/Euronext Paris) and Glencore (LSE/HKEx); Alibaba.com’s privatization; and led a cross-disciplinary team to establish and manage one of the first Chinese joint venture investment banks.  Brian is admitted in Hong Kong, the State of New York and Supreme Court of Western Australia and the High Court of Australia. 

As a new lecturer joining the LITE Lab@HKU team, Stephanie Biedermann is creating opportunities for students to gain practical and transactional experience in Hong Kong, research relevant legal issues, and assist local companies and NGOs. A US-licensed lawyer, Stephanie's legal experience includes work in the US, the Middle East, and Hong Kong, with a focus on public interest law and access to justice issues as they relate to individual client services, policy decisions, and the development of clinical opportunities for law students.
     Prior to joining HKU, Stephanie Biedermann served as Legal Officer at PILnet, where she oversaw the Hong Kong Pro Bono Roundtable. While based in the United Arab Emirates, Stephanie Biedermann worked on matters ranging from international energy policies to labour migration in the Gulf Coooperation Council. As an officer in the governance division of the International Renewable Energy Agency (IRENA) – a sustainability-focused intergovernmental organisation based in Abu Dhabi – she helped initiate collaboration between IRENA and UNHCR to bring renewable energy to refugee camps in Jordan and Ethiopia. While in Abu Dhabi, Stephanie also worked on policies to improve living and working conditions for migrant workers. She was part of the team that revised New York University Abu Dhabi’s labour standards. In Cairo, Stephanie was the Legal Director of an NGO assisting refugees in the resettlement processShe strived to find durable solutions for vulnerable families and individuals – primarily from Iraq, Ethiopia, Eritrea, Sudan, and Somalia. 
     While based in the United States, Stephanie conducted impact litigation on behalf of persons with disabilities with Disability Rights Advocates in Berkeley, California, as the Arthur Liman Fellowship Attorney. Stephanie holds a JD from Yale Law School, a BA in English from Princeton University, and is admitted to the State Bar of California, USA.

Monday, February 10, 2020

Felix Chan et al on a Bayesian Approach to Developing a Stochastic Mortality Model for China (Journal of the Royal Statistical Society (Statistics in Society – Series A))

Johnny Siu-Hang Li, Kenneth Q Zhou, Xiaobai Zhu, Wai-Sum Chan and Felix WH Chan
Journal of the Royal Statistical Society (Statistics in Society – Series A)
2019, Vol 182, Issue 4, pp 1523–1560
Summary: Stochastic mortality models have a wide range of applications. For instance, in Hong Kong and England, multipliers used in the assessment of personal injury compensation are calculated using mortality rates from the most recent projections. However, owing to data-related problems, stochastic modelling of mainland Chinese mortality has not been given adequate attention. Stochastic mortality models are particularly important for analysing Chinese mortality, which is subject to rapid and uncertain changes. In this paper, we attempt to use a Bayesian approach to model the evolution of Chinese mortality over time, taking into account all of the problems associated with the data set. 

Sunday, February 9, 2020

Weixia Gu's “China’s Belt and Road Development and A New International Commercial Arbitration Initiative in Asia” Translated and Published in Chinese Review of International Law

Dr Weixia Gu's article, “China’s Belt and Road Development and A New International Commercial Arbitration Initiative in Asia” (2018) 51(5) Vanderbilt Journal of Transnational Law 1305-1352, was recently translated into Chinese and published in volume 37(1) of the Chinese Review of International Law《国际法研究》, pp. 105-128, the official journal of  the Chinese Academy of Social Sciences' Institute of International Law(中国社会科学院国际法研究所).
   Dr Gu's works on arbitration in Asia have received much attention lately. She was invited to give a keynote speech at the British Institute of International & Comparative Law (BIICL) in its conference, “Challenges of Arbitration in Asia”, at the Senate House, London, on 12 November 2019. She also presented her work at the IV Oxford Symposium on Comparative & International Commercial Arbitration, organised by the Commercial Law Centre, University of Oxford, on 15 November 2019. 

Weixia Gu on the Dynamics of International Dispute Resolution Business in the Belt and Road (Proceedings of the ASIL Annual Meeting)

"The Dynamics of International Dispute Resolution Business in the Belt and Road"
Weixia Gu
Proceedings of the ASIL Annual Meeting
2019, Vol 113, pp. 370-374
Published on 31 Dec 2019
Introduction: China's Belt and Road Initiative (BRI) ambitiously aspires toward expanding regional markets and facilitating economic integration across Asia and Europe. It has been regarded as a game-changer on the landscape of dispute resolution market, triggering a proliferation of "adjudication business." This report examines the dynamics of international dispute resolution in context of the BRI, discussed from the three following perspectives: (1) BRI investors and disputants; (2) three major means of dispute resolution on offer; and (3) institutions involved.

Friday, February 7, 2020

Emily Lee & Eric Ip on Judicial Diplomacy in the Asia-Pacific and the Singapore-initiated Transnational Judicial Insolvency Network (J Corp L Studies)

Published online on 9 Jan 2020
Abstract: The promulgation of the Judicial Insolvency Network (JIN) Guidelines by the Supreme Court of Singapore in 2017 has triggered innovative cross-border insolvency developments in the Asia-Pacific. It is intriguing that the Guidelines were conceived not by Singaporean judges alone, but jointly with a transnational network of bankruptcy judges. This article undertakes the original contribution of examining the Guidelines in light of the overall need for participating jurisdictions to craft a transnational insolvency framework. It uses Hong Kong as a test case to illustrate trends of likely future convergence.

Thursday, February 6, 2020

Syren Johnstone & Frederick Long on Hong Kong’s Paperless Prospectus Law (HK Lawyer)

"Hong Kong’s Paperless Prospectus Law"
Syren Johnstone & Frederick Long
Published in January 2020
Introduction: With limited exceptions, companies seeking a listing for their equity shares in Hong Kong will normally also engage in a public offering that invokes the prospectus provisions of the Companies (Winding-up and Miscellaneous Provisions) Ordinance (Cap. 32) (CWUMPO). In addition to the requirements of the CWUMPO, it will be necessary to comply with the non-statutory listing rules of The Stock Exchange of Hong Kong Limited (SEHK), which require a listing document to be produced - this will be combined with the CWUMPO-compliant prospectus into a single document (together, the prospectus). While the prospectus is typically produced in a physical print run of around three to five thousand copies that are made available at banks and other financial services providers, Alibaba’s recent secondary listing (26 November 2019) and public offer was achieved on a paperless basis – the prospectus and the application forms were only made available electronically.
      As a wholly paperless public offering is a first for the Hong Kong market, this article explores the underlying legal and regulatory requirements and considers whether Hong Kong must remain wedded to paper when competitor markets are not. It queries the necessity of the waivers obtained by Alibaba to go paperless and suggests that regulatory clarity - and regulator proaction - is required to facilitate Hong Kong more clearly moving forward to a paperless system that reflects the modernisation of public offering and placement processes. This has become essential in view of developments internationally, commercial and environmental considerations, and local realities... Click here to read the full text. 

Wednesday, February 5, 2020

New Book by Malcolm Merry: The Unruly New Territories (HKU Press)

Malcolm Merry
Hong Kong University Press
Published in January 2020, 300 pp.
Description: At the end of the nineteenth century a slice of imperial China was abruptly incorporated into the British Crown Colony of Hong Kong. It became known as the New Territories. The people of this remote and traditional corner of the Ching empire were not consulted about the annexation, initially resisted and long resented it. To placate them, the incoming authorities promised that little would alter and that their customs would be respected. The promise would not be fully kept but it became the source of the preservation of Chinese customary law in respect of rural land and the justification for privileges afforded to indigenous inhabitants. Their tenacious assertion of those rights and aversion to authority is detectible throughout the twentieth century and into the era of the Hong Kong Special Administrative Region; it permeates almost every aspect of policy and law relating to rural land.
     The Unruly New Territories is an account of the annexed area and of its special place in Hong Kong history and law. It recounts the customs and privileges, how they preserved a China that was elsewhere disappearing and how they gave—and, despite enormous changes, continue to give—leverage to indigenous representatives in dealings with government as well as handsome profits to rural landowners.

Book Reviews: 
‘This fascinating and impressive book is a must-read for all who want to know more about the New Territories. Malcolm Merry traces, with his usual clarity and insight, its unique land history that blends, not always harmoniously, Chinese custom with the advance of common law and this area’s dramatic development.’ 
—Sarah Nield, University of Southampton
The Unruly New Territories covers various aspects of land law and custom in the New Territories and the history of this region in a thoughtful and provocative combined thesis. A must-read for anyone studying the laws and customs affecting land in rural Hong Kong and interested in the history of the New Territories.’
—Steven Gallagher, The Chinese University of Hong Kong

Tuesday, February 4, 2020

HKU Law's SSRN Legal Studies Research Paper Series (January 2020)


Vol. 10, No. 1: January 16, 2020

Table of Contents


Shahla F. Ali, The University of Hong Kong - Faculty of Law
Wilson Mbugua, The University of Hong Kong, Faculty of Law, Students


Ross P. Buckley, University of New South Wales (UNSW) - Faculty of Law
Douglas W. Arner, The University of Hong Kong - Faculty of Law
Dirk A. Zetzsche, Universite du Luxembourg - Faculty of Law, Economics and Finance, Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC)
Eriks Selga, The University of Hong Kong, Faculty of Law, Students


Lauren Yu-Hsin Lin, City University of Hong Kong (CityUHK) - School of Law, City University of Hong Kong (CityUHK) - Centre for Chinese & Comparative Law
Say Hak Goo, The University of Hong Kong - Faculty of Law


Shahla F. Ali, The University of Hong Kong - Faculty of Law

Monday, February 3, 2020

New Issue of Hong Kong Law Journal (Part 3 of 2019)

Vol. 49, Part 3 of 2019

Editor-in-Chief: Professor Rick Glofcheski
Associate Editor: Professor Albert Chen
Publisher: Sweet & Maxwell



TABLE OF CONTENTS
Analysis
817
825
Lecture
Conflict of Fundamental Rights and the Double Proportionality Test Hon Mr Justice Andrew Cheung PJ
835
Articles
Amnesty in Hong Kong? Esther Mak and Jason Fee
851
865
883
905
927
951
979
China Law
1001
1025
1057
1089
Book Review
Emden's Construction Law Hong Kong Hiu H. Wong, Athena
1139
Review Article
114

Johannes Chan on the Power of the Chief Executive to Grant an Amnesty: A Possible Solution to the Extradition Bill Controversies (HKLJ)

"The Power of the Chief Executive to Grant an Amnesty: A Possible Solution to the Extradition Bill Controversies"
Johannes Chan
Hong Kong Law Journal
2019, Vol 49, Part 3, pp. 865-882
Abstract: In response to calls for an amnesty as one of the measures to bring to an end the 5-month conflicts arising from the proposed amendments to the Extradition Bill, the HKSAR Government said that it has no power to grant an amnesty and that to do so is against the rule of law. This article refutes both arguments, and argues that there are different legal means to allow the HKSAR Government to grant amnesty to both the protesters and the police; that granting immunity from prosecution on grounds of public interest is not contrary to the rule of law; and that, in light of foreign experience, the situation in Hong Kong is ripe for a serious consideration of the granting of amnesty.

Po Jen Yap and Jiang Zixin on Electoral Disqualification, Political Allegiance, and the Courts (HKLJ)

Po Jen Yap and Jiang Zixin (JD 2018)
2019, Vol 49, Part 3, pp 825-834
Abstract: We disagree with the Court of First Instance's decision in Chow Ting v Teng Yu Yan Anne to confer upon the Returning Officer (RO) the power to evaluate the authenticity of election candidates' intentions to uphold the Basic Law and to disqualify those who are deemed disingenuous. In our view, neither the text of s 40(1)(b)(i) of the Legislative Council Ordinance (Cap 542) nor its history indicates that the RO has this power. The Court of Appeal's decision in Chief Executive of HKSAR v President of the Legislative Council is not precedent for this position. The 2016 Standing Committee of the National People's Congress Interpretation also does not mandate this result.