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Conditional Fee Agreements (CFAs) permitted in Singapore from 4 May 2022From 4 May 2022, for the first time in Singapore, lawyers and their clients are legally permitted to enter into conditional fee agreements (CFAs) in relation to arbitrations and certain court proceedings.
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What Hong Kong Lenders Should Know: New Ordinance Providing Temporary Protection for Business Tenants in the Midst of COVID-19The Temporary Protection Measures for Business Tenants (COVID-19 Pandemic) Ordinance (Cap. 644) (the Ordinance) came into effect on 1 May 2022. This Legal Update focuses on the implications of the Ordinance on lenders, including the authorized institutions supervised by the Hong Kong Monetary Authority.
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Premium Financing for Long Term Insurance – Understanding Hong Kong’s Regulatory LandscapePremium financing is a popular way to fund the purchase of long term insurance, particularly in the Hong Kong insurance industry. On 1 April 2022, the Insurance Authority issued a circular clarifying the supervisory standards and key requirements on use of premium financing to take out long term insurance policies, which will come into effect on 1 January 2023.
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