equity chambers hong kong

equity chambers hong kong

Awards & Rankings Chambers & Partners Asia-Pacific Guide 2021 Band 1 Rankings The Legal 500 Asia-Pacific 2021 Tier 1 Rankings The BC Report identified common themes and a range of practices amongst banks on how they approach their culture reform. Denis Chang's Chambers | Hong Kong Barristers. Equity has 1 job listed on their profile. • Worked on a range of transactions such as syndicated loan financing, trade finance, term lending, debt issues and equity issues. Claudia Cheuk Student at Parsons School of Design - The New School Hong Kong. 155Q, Laws of Hong Kong), which implement Basel III liquidity standards. Restricted licence banks and deposit-taking companies have also established their own equivalent body: the Hong Kong Association of Restricted Licence Banks and Deposit-taking Companies (DTC Association). Simon is also ranked by The Legal 500 (Asia Pacific) as a leading insurance practitioner. The current CFI, which aims to raise the cyber-resilience of Hong Kong’s banking system, has been enhanced to streamline the cyber-resilience assessment process while maintaining effective control standards commensurate with the latest technology trends. Pantheon Ventures (Ireland) DAC carries on certain activities in the United Kingdom from the address of Pantheon Ventures (UK) LLP in London and may be contacted at that address in relation to those activities. Type of Deposits That Are Not Protected under the Scheme. senior management personnel who are responsible for oversight of the bank’s firm-wide strategy or activities or those of the bank’s material business lines; individual employees whose duties or activities in the course of their employment involve the assumption of material risk or the taking on of material exposures on behalf of the bank; employees whose activities may expose the bank to material amounts of risk and who are subject to incentive arrangements; and. In June 2020, the HKMA published the “White Paper on Green and Sustainable Banking”, outlining its initial thoughts on its supervisory approach to climate and sustainability issues. Simon is ranked in Chambers (Hong Kong) in Band 1 of contentious insurance lawyers. their business records and other business interests. Equity Chambers. Chambers & Partners Global 2020 - Family / Matrimonial . • Responsible for leading client discussions, performing financial analysis / financial modeling, conducting enhanced due diligence and . 2007 He was a pupil to Mr James Douglas QC (now the Hon Justice Douglas of the Supreme Court of Queensland) and was admitted . • Employees’ compensation – acted as sole advocate for the 1st Respondent in resisting an EC claim which hinged on the existence of an employer-employee relationship. The HKMA has recognised that COVID-19 has brought increased demand for remote on-boarding and the digital delivery of financial services, and the use of financial technology (fintech) can provide significant support to banks in managing the challenges posed by the pandemic. By Reuters. Matthew Townsend, Fangda Partners, Hong Kong Matthew is an International Arbitration Counsel at Fangda Partners in Hong Kong and Areas of Practice Alexandra Chambers' practice extends across a wide range of areas. Found inside – Page 4279,538,457,000 Equity Analyst Coverage : BNP Paribas Securities ( Asia ) Ltd. ... Ferry Wong 62 21 57900500 CIMB - G.K . Securities Ltd. ... Erwan Teguh 62 21 5151330 CLSA Ltd. ( Hong Kong ) ... Michael Chambers 62 21 25548888 Merrill ... He is a fellow of the Chartered Institute of Arbitrators, a member of the International Court of Arbitration of the International Chamber of Commerce and Co-Chair of the ICC's Belt and Road Commission. Daniel Ogilvie Service Desk Manager at Vodafone Business . are principally engaged in merchant banking and capital market activities; and. Phillip returned to Hong Kong in 2012, joining Stephenson Harwood, where he was a Partner in the Litigation Group (Construction and International Arbitration). transfer some or all of the business of a failing bank to a purchaser; transfer some or all of the business of a failing bank to a bridge institution; transfer some or all of the assets, rights and liabilities of a failing bank to an asset management vehicle; as a last resort, transfer a failing bank to a temporary public ownership company. A person may then become a controller if the HKMA serves a “notice of consent” before the expiration of three months from the date of service of the notice, or if that period expires without the HKMA having served a “notice of objection”; if the HKMA requests information from the person, the time period before expiry will be extended. The duty of secrecy is not absolute and is subject to four major exceptions: A customer may have a claim for damages and/or seek injunctive relief if the bank breaches its duty of secrecy. setting and operationalising a preferred resolution strategy for the bank; assessing the bank’s resolvability; and. Banks are required to continuously monitor business relationships with customers through: Records must be maintained by banks relating to customer due diligence and transactions throughout the duration of the business relationships with their customers and for at least five years after the end of the business relationships. The HKMA also publishes various guidelines and circulars setting out its supervisory approach, in particular the “Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (for Authorised Institutions) (the AML Guideline), which sets out the statutory and regulatory AML/CFT standards which banks should meet. For banks incorporated outside Hong Kong, no statutory approval will be needed from the HKMA upon a change in control, although the HKMA still must be satisfied that the controller is fit and proper; the HKMA will rely heavily on the views of the home supervisor in making this assessment. Found inside – Page 185Is there here a direct right in equity to an indemnity ? ... where someV. must also be true where something has been left undone thing has been done by order of the Building Authority , it 26 ( Chambers ] HONGKONG LAW REPORTS. The manner in which the HKMA interprets them is set out in the “Guide to Authorisation” issued by the HKMA. Lawrence Ma Chambers, Hong Kong; Lawrence holds three degrees from the University of Queensland - a Bachelor of Commerce, a Bachelor of Laws and a Master of Laws by thesis. The LCR, LMR, NSFR and CFR (as applicable) apply to banks, irrespective of their place of incorporation, and must be calculated on the basis of the bank’s business in Hong Kong (“Hong Kong office basis”). Bruce Baker Senior managing partner and founder Worldwide Capital Group, Ltd. Hong Kong. An applicant who is not on HKIAC's Panel or List of Arbitrators and wishes to be considered for inclusion on the FSD Panel must submit the following: 1. The Code for Trust Business aims to enhance the protection of client assets held on trust and to promote the fair treatment of customers and a customer-centric culture in trust business. A non-Hong Kong resident candidate can qualify to join the Panel of Adjudicators on the basis of having acted as adjudicator on international cases. With over 5,500 people in 43 offices, we . Epson Hong Kong Ltd. Finance Manager Hong Kong SAR. Affinity currently advises and manages US$14 billion of funds and investments, and invests out of its latest US$6 billion Affinity Asia Pacific Fund V. Following the Basel Committee's announcement, the HKMA also announced that the implementation of the Basel III final package in Hong Kong will be deferred accordingly. The DPSO establishes the deposit protection scheme (the Scheme), which is operated by the Hong Kong Deposit Protection Board (DPB). Email: clerks@equitychambers.org.uk. New York, NY. Hong Kong Special Administrative Region. Los Angeles, CA. In considering whether the directors or chief executives are fit and proper persons, the HKMA will have regard to the following factors: Banks that are also “registered institutions” are required to appoint at least two individuals as “executive officers” to be responsible for directly supervising the conduct of each regulated activity. The directory published in this Bar List is for the purpose of facilitating the public and members of the Hong Kong Bar Association in identifying practising barristers and barristers' chambers in Hong Kong registered with the Hong Kong Bar Association. In May 2020, the HKMA, the SFC and other regulators established the Green and Sustainable Finance Cross-Agency Steering Group (the Steering Group). The HKMA has announced various steps in the past few years as part of its Bank Culture Reform initiative to foster a sound corporate culture within banks. 263 others named Phyllis Lee are on LinkedIn See others named Phyllis Lee. conducting appropriate monitoring of transactions carried out for the customers and identifying transactions that are unusually large in amount or have no apparent economic/lawful purpose. Expressed as a percentage, the CFR is the amount of a category 2A institution’s “available core funding” over the amount of the institution’s “required core funding”. A bank incorporated in Hong Kong with overseas branches must calculate the LCR, LMR, NSFR and CFR (as applicable) on an unconsolidated basis, covering all of its business in Hong Kong and overseas branches. Jern-Fei was called to the Bar of England and Wales in 2002 and was appointed Queen's Counsel there in 2018. Upon authorisation, a bank is currently required to pay a fee of HKD474,340 (for fully licensed banks), HKD384,270 (for restricted licence banks) or HKD113,020 (for deposit-taking companies). The HKMA’s SPM CA-G-1 “Overview of Capital Adequacy Regime for Locally Incorporated Authorised Institutions” provides guidance on the calculation of the capital adequacy ratio (CAR), which is the collective term that refers to the three risk-weighted capital ratios: Banks incorporated in Hong Kong are required to maintain a CET1 capital ratio of at least 4.5%, a Tier 1 capital ratio of at least 6% and a total capital ratio of at least 8%. 2403, Tower 2, Lippo Centre, 89 Queensway, Hong Kong 香港金鐘道89號力寶中心2期2403室 Tel 電話: +852 2117-0222 Fax 傳真: +852 2117-0092 Under the DTRPO, OSCO and UNATMO, banks are under a statutory obligation to report suspicious transactions to the Joint Financial Intelligence Unit (which is jointly run by the Hong Kong Police Force and the Hong Kong Customs and Excise Department); failure to report knowledge or suspicion is a criminal offence. The Department of Justice's main value is the rule of law. Found inside – Page 116First, by section 3, the common law (of England) and the rules of equity were to be in force subject to (1) their ... Attorney General's Chambers and their usefulness to modern Hong Kong examined; only seventy survived in the schedule. . Room 4301, One Lippo Centre Found inside19 A Burrows, 'We Do This At Common Law But That In Equity' (2002) 22 Oxford Journal of Legal Studies 1, 9; A Burrows, Fusing Common Law and Equity: Remedies, Restitution and Reform (Hong Kong, 2002) 6. The present book takes no stand ... Court of Final Appeal. The duty of secrecy arises when the relationship of banker and customer is established, and continues even after the account is closed or the relationship ends. In the event of a bank’s winding-up, depositors are regarded as preferential creditors and have priority over other unsecured creditors, up to HKD500,000 per depositor. The HKMA also stated that their 2020 Supervisor-Driven Stress Test will be postponed by one year to 2021, to provide additional operational capacity for banks to respond to the challenges brought by COVID-19. Wong Yin Fong and Others v ISS Hong Kong Services Ltd., HCLA 56/2003, [2005] 2 HKLRD 648 (employer's right to relocate workers) (led by Neville Sarony SC) Equity and Trusts Lee Kin Wai v Lee Kin Chuen & Another , HCA 212/2014, 8 February 2017 (property dispute between brothers, common intention construction trust) During the preliminary consultation, the HKMA and the applicant bank will discuss the proposed business plan and intended activities of the bank. So, we encourage all of our people to seize international opportunities, develop a global mind-set, broaden their cultural exposure and expand their network. A bank may also apply to include a subsidiary in the calculation of its solo CAR (a “solo-consolidated” basis) if the subsidiary satisfies certain criteria set out by the HKMA. In November 2020, the HKMA announced the launch of the upgraded Cybersecurity Fortification Initiative (CFI) 2.0. Found insideAs well as the four chambers, senior staff of the two most important banks in Hong Kong, i.e., the Hong Kong ... and economic growth versus social equity.17 The conservatives favored the continuation of “order” (or stability) and ... The HKMA will generally require banks to comply with the minimum CAR requirements on a consolidated basis, in addition to a solo/solo-consolidated basis. Breaches of the PDPO may lead to civil actions and/or constitute criminal offences, which may result in fines and imprisonment. HK$ 750.00. Depositors are not required to apply to the banks nor pay any fee for protection under the Scheme. form an integral part of the bank’s risk management framework; identify and explain how the bank will monitor the need to trigger recovery actions; set out a full menu of credible recovery options to cope with a range of stress scenarios; assess the impact, timeframe for implementation and probable success of the recovery options and the associated risks; define the criteria for triggering the implementation of the recovery plan or individual recovery options in it; identify the key steps, milestones and processes for implementing the recovery options and the key management personnel involved in activation and decision-making; ensure that the bank has appropriate contingency arrangements in place that would enable it to continue to operate as it implements recovery measures; assess the additional requirements that may be needed during crisis situations in order to maintain the bank’s membership of, or continued access to, financial market infrastructure; and. Student at The Chinese University of Hong Kong Hong Kong SAR. While simplified due diligence is permitted in low risk situations (eg, transactions with public bodies or listed companies in Hong Kong), enhanced due diligence must be carried out in high risk situations (eg, transactions with politically exposed persons and their close associates or in jurisdictions that are subjected to United Nations sanctions). Specific regard should be had to the following types of employees: The incentive systems of the bank should reward good business performance and adherence to the bank’s culture and behavioural standards commensurate with an employee’s respective seniority and responsibilities. Key roles and responsibilities of the board include: Senior management appointed by the board to operate the bank on a day-to-day basis have key roles and responsibilities, including: The remuneration requirements are set out in SPM CG-5 “Guideline on a Sound Remuneration System”, as supplemented by the HKMA in various guidance and circulars from time to time. . Increasingly, conflicts are being 'managed', rather than avoided altogether. This is a field within which the Law Society's own rules are flouted on a daily basis, and in which these rules appear increasingly at odds with the common law. Mustafa Hadi took part in a panel discussion on the appointment of experts in arbitrations at the Hong Kong International Arbitration Centre (HKIAC).The discussion, co-hosted by BRG, HKIAC, and Arbitration Chambers (Hong Kong/London), featured leading members of the Hong Kong international arbitration community. Liberty Chambers 3102, Tower One Admiralty Centre 18 Harcourt Road Hong Kong Phone: (852) 2810 8222 Fax: (852) 2810 0777 manager@libertychambers.com Chamber Members supervising compliance with the Banking Ordinance (Cap. Jacky Yeung Part-time Programme Worker at The Hong Kong Federation of Youth Groups . Affinity Equity Partners is one of the largest independent private equity funds in the Asia Pacific region. The Scheme is funded by annual contributions paid by Scheme members, with the amount being determined by the size of protected deposits held with the Scheme members and the supervisory ratings assigned to them by the HKMA. the Companies Ordinance (Cap. Key remuneration principles that underpin sound remuneration polices include: Banks are required to annually disclose matters relating to their remuneration structure and framework, such as: A breach of SPM CG-5 and the related guidance on remuneration may call into question whether the bank concerned continues to satisfy the minimum criteria for authorisation. As LIBOR is used extensively in the Hong Kong banking sector, the discontinuation of LIBOR will have significant implications on the operations of banks. Chiann is listed on the panel of the major arbitration institutions and has served as tribunal chair, co-arbitrator and sole arbitrator in ad hoc and institutional arbitrations under the ICC, UNCITRAL, SIAC, HKIAC . Found inside – Page 203 ) in equity cases the trial is to be without a jury unless the Court otherwise orders : by ( 2 ) ( r . 4 ) in certain cases the Court may ... V. OF I now apply this interpretation of the rules 20 [ Chambers . ] HONGKONG LAW REPORTS. All category 1 institutions must maintain, at all times, a net stable funding ratio (NSFR) of 100%, unless self-rectification provisions apply. The BO provides that no person shall become a “controller” of a Hong Kong-incorporated bank without the prior approval of the HKMA. Suite 802, 8/F, Harcourt House, 39 Gloucester Rd, Wanchai, H . Leung Tina Human Resources Professional Hong Kong SAR. • Ownership dispute – representing a joint tenant in defending a claim by the other joint tenant, his former girlfriend, who claims full beneficial interest in the flat (with Mr. Simon Wong) (HCAL 825/2018), • Industrial accident – acting for an airport worker who sustained spinal injuries while performing his job of docking aircrafts (DCPI 589/2020). In 2020, the HKMA worked with the banking sector to explore greater use of technology in banking operations in a number of different areas, including as set out below. Firm Overview. 201, Laws of Hong Kong). Banks incorporated in Hong Kong are required to follow the capital requirements set out in the Banking (Capital) Rules (Cap. Daily cause lists will be posted by 6:30 p.m. on the working day preceding the trial day. has an international financial services regulatory team that is a strategic partner to the world’s leading financial institutions, guiding them through an increasingly complex regulatory landscape where national and international regulations may interact or conflict. To bolster the resilience of the banking sector against adverse economic developments, Hong Kong-incorporated banks are also required to maintain capital buffers, including the following: Where a bank’s net CET1 capital ratio equals or falls below the required buffer level (being its capital conservation buffer as extended by any CCyB and HLA requirement (if applicable)), restrictions will be imposed on the bank’s discretionary distributions (eg, dividends, share buybacks, discretionary bonus payments to staff, etc).

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