HKMA Provides Explanations on Its Expectations for AIs and SVF Licensees in Light of the Financial Sanctions Imposed by the US Government

In light of the unprecedented imposition of financial sanctions on certain individuals and entities in Hong Kong and Mainland China by the US government, the Hong Kong Monetary Authority (HKMA), in two circulars, set out its expectations for authorized institutions and stored value facility licensees respectively. 

Returning to Work in Hong Kong After Recovering from COVID-19

An employee who recovers from COVID-19 (Recovered Employee) and seeks to return to work can bring about a range of issues and risks for the employer.

Aviation in Asia

Mayer Brown has been a trusted advisor to the aviation industry for over 60 years. We use our in-depth industry knowledge and our Asian platform to support airports, airlines, aircraft lessors and financial institutions across a wide range of legal disciplines throughout Asia.

What’s the Deal? – Special Purpose Acquisition Companies

Special purpose acquisition companies (“SPACs”) are public shell companies that use their initial public offering (“IPO”) proceeds in order to acquire private companies within a specific timeframe.   Although SPACs have existed for decades, merging into a SPAC has recently become an attractive alternative for private companies in lieu of undertaking traditional IPOs.  Today, SPACs have higher quality sponsors, more blue-chip investors, bulge bracket underwriters, and better sponsor-investor alignment structures than the past.  In this What’s the Deal? guide, we review the basic structure of, and the securities issues that affect, SPAC IPOs, as well as the benefits of merging into a SPAC instead of a traditional IPO.

US Imposes Sanctions on Hong Kong Leader Carrie Lam and Other Government Officials

On August 7, 2020, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the imposition of sanctions on Carrie Lam, the Chief Executive of Hong Kong, and 10 other Hong Kong and Chinese government officials, including the Commissioner of the Hong Kong Police Force and the Director of the Hong Kong Liaison Office. 

Handling Data Access Requests in Hong Kong Employment Disputes

The Personal Data (Privacy) Ordinance (PDPO) provides every data subject, among other things, the right to access their personal data held by a data user. By making a data access request (DAR), a data subject can ascertain from the data user whether it holds their personal data and to obtain a copy of that data.