Category: Corporate

When courts in China may hold a director personally liable for their actions under criminal law and civil law

In its most recent newsletter, CONSULEGIS International Litigation & Arbitration Specialist Group presented an abbreviated overview of multiple jurisdictions’ legal views on when, based on company law, is a director is personally liable for their actions. Among the contributors to writing on the topic are five legal advisors from Horizons addressing Indonesia, Mongolia, Korea (DPRK), Russia and…

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When courts in Russia may hold a director personally liable for their actions under criminal and civil law

In its most recent newsletter, CONSULEGIS International Litigation & Arbitration Specialist Group presented an abbreviated overview of multiple jurisdictions’ legal views on when, based on company law, is a director is personally liable for their actions. Among the contributors to writing on the topic are five legal advisors from Horizons addressing Indonesia, Mongolia, Korea (DPRK), Russia and…

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Carrying more than HK$120,000 (currency or CNBIs) in or out of Hong Kong must now be declared to customs

From 16 July 2018, travellers to and from Hong Kong are now required to declare cash sums larger than HK$120,000. The Hong Kong Security Bureau announced the Cross-boundary Movement of Physical Currency and Bear Negotiable Instruments Ordinance in 2017 to tackle funds arriving in Hong Kong from illegal sources such as money laundering and terrorist…

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