Month: August, 2014

Publishing of Insurance Bill

The English and The Scottish Law Commissions have published its report on ‘Insurance Contract Law: Business Disclosure; Warranties; Insurers’ remedies for Fraudulent Claims; and Late Payment’. The full report can be found athttp://lawcommission.justice.gov.uk/docs/lc353_insurance-contract-law.pdf The report contained the draft ‘Insurance Bill’ which is now in the House of Lords. The draft ‘Insurance Bill’ can be found […]

Briefing on the new Hong Kong Companies Ordinance and its Impact on Directors’ duties and liabilities

Peter Gregoire General Counsel, AIG Insurance Hong Kong Limited The new Hong Kong Companies Ordinance (CAP. 622) (“New Ordinance”) which came into force on 3rd March 2014, seeks to provide a modernized legal framework for Hong Kong companies. The objectives of the New Ordinance are to enhance corporate governance, ensure better regulation, facilitate business and […]

Insurance Regulation in Hong Kong: A Paradigm Shift

Hong Kong’s Insurance Companies (Amendment) Bill 2014 was gazetted on Friday 25 April 2014 and presented to the Legislative Council (LegCo) for a first reading on 30 April 2014. The Legislative Council Brief and Bill are available from the LegCo website at: Brief and Bill. This new legislation, which follows several years of consultation and […]