In Focus
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Unleashing Redevelopment Potential of Hong Kong's Old Buildings: Proposal to Relax Requirements for Compulsory Sale RegimeOne of Hong Kong’s major land policies, as noted in the Chief Executive's 2022 Policy Address, is to expedite urban renewal. As such, the government has recently announced a proposal to lower the thresholds and relax other requirements for the Compulsory Sale Regime. It is believed that such amendments would incentivise developers to tap further into this market – and we will likely see more banks willing to participate in funding redevelopments with a compulsory sale element.
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OMB Guidance Potentially Resurrects US COVID-19 Vaccine Mandate for Government ContractorsOn October 18, 2022, the Office of Management and Budget (“OMB”) issued guidance to federal agencies that it may again enforce the COVID-19 vaccine mandate of Executive Order (“EO”) 14042. This Legal Update provides background and further detail, including on OMB’s interim guidance for enforcing contract clauses that implement EO 14042.
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Developments in European Technology Regulation: Digital Markets Act and Digital Services ActFollowing their publication in the Official Journal of the European Union, the Digital Markets Act (“DMA”) entered into force on 1 November 2022 and the Digital Services Act (“DSA”) will enter into force on 15 November 2022. This alert provides an overview of the key objectives and timelines for the implementation of this important new European legislation.
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