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  • AGREEMENTS FOR EXCHANGE OF INFORMATION BETWEEN HONG KONG AND NORDICS ENTER INTO FORCE

    One consequence of the 2008-09 Global Financial Crisis was a new international consensus regarding the need to eliminate offshore tax evasion. While tax rates in Hong Kong are relatively low by northern European standards (income tax of 15% for individuals; 16.5% profits tax for corporations), this alone would not necessarily constitute an issue within the context of Hong Kong’s relationship with its international trading partners. The OECD did however point out, via its Global Forum on Transparency and Exchange of Information for Tax purposes, that there was a need to improve the mechanisms for exchange of tax information between Hong Kong and other countries. Failure to comply with the requirements of the Global Forum may ultimately lead to the international community pursuing different types of sanctions against the jurisdiction in question.

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  • THE HONG KONG INTERNATIONAL ARBITRATION CENTRE (HKIAC)

    Paulo Fohlin, Magnusson’s Hong Kong-based partner and head of International Arbitration practice, has authored the editorial chapter on The Hong Kong International Arbitration Centre (HKIAC) in the newly published 2016 edition of Getting the Deal Through: Arbitration guide.

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  • 2016 GUIDE TO ARBITRATION IN HONG KONG

    Paulo Fohlin, Magnusson’s Hong Kong-based partner and head of International Arbitration practice, has authored the article on Arbitration in Hong Kong in the newly published 2016 edition of Getting the Deal Through: Arbitration guide.

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  • CHINA INTRODUCES NEW “CYBER” LEGISLATION, INCLUDING COUNTER-TERRORISM LAW

    During 2015, China introduced several far-reaching pieces of legislation in the area of technology and cyber security. The most recent of these was the Counter-Terrorism Law (“CTL”), promulgated on December 27, 2015.

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