Tuesday, 5 July 2016

Primasia at Fujian Enterprises Investment and Financing Symposium

Primasia was invited to the “Fujian Enterprises Investment and Financing Symposium” to share business ideas with prominent corporate leaders from 23 Fujian enterprises. This business matching event was organized by the Department of Commerce of Fujian Province, in collaboration with the Hong Kong Trade Development Council. Find more information at ttp://www.hktdc.com/mis/coi/en/.


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Please contact:
John Barclay -Email
Teresa Tam - Email 
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Primasia Corporate Services Limited
Tel: +852 2882 2088



Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Wednesday, 22 June 2016

China Updates- Public Holidays in China

For our clients with China business, please note the following provisional public holidays (excluding those that fall on a weekend) for 2017 in China.


2nd January
New Year Holiday
27th January
Chinese New Year's Eve
30th January to 2nd February
Spring Festival
2nd to 4th April
Ching Ming Festival
1st May
Labour Day
29th to 30th May
Tuen Ng Festival /
Dragon Boat Festival

2nd to 6th October                  National Day/Mid-Autumn




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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
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LinkedIn: Primasia
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Primasia Corporate Services Limited
Tel: +852 2882 2088


Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Friday, 10 June 2016

Hong Kong Updates- Tax

Hong Kong’s Inland Revenue Department has issued a Departmental Interpretation and Practice Note (number 51) regarding profits tax exemption for offshore funds.


The original legislation was the Revenue (Profits Tax Exemption for Offshore Funds) Ordinance of 2006, which provided a profits tax exemption, while the Inland Revenue (Amendment) (No. 2) Ordinance of 2015 was enacted to extend this exemption to offshore private equity funds. The Practice Note sets out the IRD’s interpretation and practice in relation to the 2015 Ordinance.   




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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088


Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong


Friday, 20 May 2016

Hong Kong Updates- Data Privacy

Hong Kong's Privacy Commissioner has issued two revised sets of guidelines: a new “Code of Practice on Human Resource Management” and a revised “Privacy Guidelines for Monitoring and Personal Data Privacy at Work”, both relating to the application of the Personal Data (Privacy) Ordinance (PDPO”). Their subject matter is self-evident. Let us call them both “guidelines”.

Many people have an incorrect idea of what the PDPO actually says, usually through not having read the Ordinance themselves but relying instead on third-hand interpretations. Hong Kong employers are therefore advised to be familiar with the underlying legislation first and foremost, and to use the guidelines in the context of the legislation itself.

In each case, the guidelines are, strictly speaking, not of direct legal effect. They are intended to give practical guidance to employers and their HR officers. However, where a data user fails to comply with the guidelines, it has been suggested that a court may take this into account to decide whether there has been a breach of the underlying Ordinance.

This does not mean, though, that what is not a breach under the PDPO becomes a breach through non-compliance with the Code; rather that compliance with the Code would operate as a defence against an alleged breach as it would be hard to argue that the Privacy Commissioner’s guidelines were, effectively, wrong.

The revised sets of guidelines can be found here:


Primasia Corporate Services Ltd. can provide support on all employment matters including data privacy issues.


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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088


Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong


Friday, 22 April 2016

China Updates- Anti-Unfair Competition Law

Proposed amendments to the Anti-Unfair Competition Law were published for comment.

The key area of change is in the proposed new Articles, which if adopted would prohibit the following acts on the basis that they might cause market confusion:
  1. Using identical or similar and well-known commercial logos of third parties,
  2. Misappropriating registered or well-known marks as business names, and
  3. Misappropriating well-known trade names or abbreviations in trade marks or domain names.
The effect is for this Article to cover a much broader range of IP-related unfair competition acts since the definition of “commercial logo” is proposed to be enhanced to include all features that could distinguish a product or products, such as the shape of the product, and alternative names for the product, enterprise or individual as appropriate (including domain names and websites).

How this will fit in with IP law (including China’s first registration, as apposed to first use, system, which would appear to be in conflict) remains to be seen.




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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
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--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088

Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

AUSFOCUS - 聚澳现场 | 新契机、新发展、新挑战——香港投资推广会在墨尔本皇家理工大学成功举办

Our Managing Director was in Melbourne sharing on doing business in Hong Kong and China. Find more information at AUSFOCUS

DSC_5401_副本

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Need more information?
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John Barclay -Email
Teresa Tam - Email 
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Primasia Corporate Services Limited
Tel: +852 2882 2088


Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Friday, 25 March 2016

China Updates- Anti-Unfair Competition Law

Proposed amendments to the Anti-Unfair Competition Law were published for comment.

The key area of change is in the proposed new Article 5, which if adopted would prohibit the following acts on the basis that they might cause market confusion:
  1. Using identical or similar and well-known commercial logos of third parties,
  2. Misappropriating registered or well-known marks as business names, and
  3. Misappropriating well-known trade names or abbreviations in trade marks or domain names.
The effect is for this Article to cover a much broader range of IP-related unfair competition acts since the definition of “commercial logo” is proposed to be enhanced to include all features that could distinguish a product or products, such as the shape of the product, and alternative names for the product, enterprise or individual as appropriate (including domain names and websites).

How this will fit in with IP law (including China’s first registration, as apposed to first use, system, which would appear to be in conflict) remains to be seen.




***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

===================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088

Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong