On 4 January 2022, AST GVT registered legislative instrument compilation no. 12 of the Foreign acquisitions and takeovers regulation 2015 amended, in force on 8 December 2021. The regulations are due to sunset on 1 April 2026.
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U.K. – Parliament National Security and Investment Act Effective
On 4 January 2022, the National Security and Investment Act came into force in the U.K. Background: UK GVT issued National Security and Investment act 2021 (commencement no. 2 and transitional and saving provision) regulations 2021, commenced act from 4 January 2022. Follows UKP April 2021 issued act about National Security and Investment. Also follows…
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Hong Kong – SFC Fines for Disclosure Failures
On 30 December 2021, HK SFC fined company, director HKD 20k for offenses. HK SFC stated Wai Chun Holdings Group Ltd and director convicted of disclosure of interests offenses following guilty pleas relating to failure to make timely disclosures. Offenses concern acquisition of interests in Chinese Strategic on five occasions in 2017, which is contravention…
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