Every day, we read a new story about a new data breach. It’s not just because it makes a good story for the media to report; it’s because there are more data breaches
The Securities and Futures Ordinance (Cap. 571) (“SFO”) regulates the securities and futures market in Hong Kong, and provides a comprehensive civil and criminal regime to address misconduct in the financial market. In addition, sections 40 (Civil liability for misstatements in prospectus) and 40A (Criminal liability for misstatements in prospectus) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) (“CWUMPO”) also impose civil and criminal sanctions for misstatements made in a prospectus for the protection of public investors.
Continue Reading Key regulations on the disclosure of false or misleading information / misstatements in prospectus in Hong Kong
King & Wood’s Trademark Group
On November 9, 2011, the China Trademark Office (the "TMO") has partially adjusted its official website for the purpose of facilitating the public in browsing and searching information about recordal of pledges of exclusive rights to registered trademarks. The adjustments are in respect of the place of the information, the means of disclosure and the items of disclosure.
Thanks to such adjustments, the public may directly search whether the exclusive right of a registered trademark is pledged in the column "Use of Trademark Rights" on the TMO website, including name of the pledgor, name of the pledgee, the registration number of the pledged trademark, and validity period of the pledge. Moreover, the pledge information in e-charts has changed to web links below which the public may find a collection of information of pledges as of November 2009.Continue Reading China Trademark Office Adjusts Means of Disclosure for Pledge of Exclusive Rights
这类信托常与结构化信托相结合，典型的结构化特定资产收益权信托的模型是：信托公司与交易对手达成协议后，信托公司向公众募集资金并赋予其优先级受益权，并以募集来的资金收购项目公司的特定房地产项目的收益权。同时，项目公司的母公司或实际控制人将项目公司的股权转让与信托公司，并获得次级受益权，借此将房地产开发商的利益与优先级受益权人的利益进行绑定。在信托计划到期后，信托公司首先向优先级受益人分配信托利益，之后再向次级受益人分配剩余信托利益。Continue Reading 房地产信托产品的风险概要（2）