Legal framework between China and HK SAR courts establishes mutual recognition and assistance in filling for cross-border bankruptcy. On 14th May 2021, the Secretary for Justice of Hong Kong and the Vice-President of the Supreme People's Court (SPC) of China signed a record meeting on the mutual recognition of and assistancein filing for cross-border…
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Enforcing Post-termination Restrictions in Employment Contracts Employers may consider utilising post-termination restrictions (‘PTR’) in employment contracts to safeguard their business. Specifically, PTR is a common legal tool to prevent senior employees from damaging the interests of the company, actions include working for competitors, soliciting clients or suppliers, and poaching employees after departing the company. Employees…
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On 8 April the Hong Kong Special Administrative Region (HKSAR) government announced the Employment Support Scheme ("ESS") to help employers retain employees and avoid redundancies. ESS is a time-limited governmental wage subsidy qualifying companies in Hong Kong with a monthly cap of 9,000 HKD per employee. ESS payment is made in two tranches, the first…
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