Lawfuel.com – Hong Kong Rewrites its Companies Ordinance (Chapter 32 of the Laws of Hong Kong) to enhance corporate governance, ensure better regulation, facilitate business and modernize its company law
August 9, 2012
On July 12, 2012, the Companies Bill was passed by the Hong Kong Legislative Council.
The new Companies Ordinance, which consists of more than 900 sections and 10 schedules, aims to achieve four main objectives, namely, to enhance corporate governance, ensure better regulation, facilitate business and modernize the law.
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