A&O Shearman advised the bookrunners, lead managers and trustee on Z.AI’s USD5bn convertible bond offering and concurrent H-share placement.
Allison on the Hong Kong Admiralty Court
Sasha Allison, an independent researcher who is also Barrister at Law in Hong Kong, has published The Lumbering Machinery of the Hong Kong Admiralty Court of 1847–1849, which is based on her Master’s thesis at Cambridge University:British vice-admiralty
AI-Related Securities Suit Filings Continue to Surge
In our recent round-up of the top D&O stories so far this year, one of the top developments in 2026 we noted is the growing amount of AI-related D&O litigation. The AI-related litigation trend has continued to develop, as new
Hong Kong proposed carried interest, private funds and family offices tax enhancements
Hong Kong is taking another step to enhance its tax regimes for privately offered funds, family-owned investment holding vehicles and carried interest. The proposed Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill
对外投资合规系列（二）丨穿透式监管下国有企业境外公司治理管控合规挑战及风险防控
作者：董娇娇 王红丽
《国务院关于对外投资的规定》自2026年7月1日起施行。该《对外投资的规定》的适用对象为中国境内企业、其他组织和居民个人的对外（境外）投资活动；除法律、行政法规或国务院另有规定外，对香港、澳门、台湾地区的投资管理参照该规定执行，港澳台投资首次纳入参照适用范围。值得关注的是，该《对外投资的规定》除在管理机制、投资者义务及权益保护等方面建立健全相关内容外，也明确要求中国境内企业在境外其他国家（地区）投资的企业应建立健全合规经营安全生产制度，加强风险防范，如其中第16条规定：“投资者及其在其他国家（地区）投资的企业应当完善治理结构，建立健全合规经营、内部控制、安全生产、突发事件处置等制度，加强风险识别和防范处置，投入必要的人员、资金、设备等资源，保障其员工和资产安全”。此外，《对外投资的规定》第14条、第17条、第20条、第21条等若干条款也分别对中国境内企业的对外投资活动涉及的国有资产监管、出口管制、网络安全、境外投资矛盾纠纷解决方式等方面，明确规定了规范投资经营行为的合规路径及若干禁止行为类型。
Regulators Focus on Practical Governance as Generative AI Adoption Accelerates in Financial Services
Authored by: Huang Ling, Minny Siu, Wang Xinghua (Owen), Andrew Fei, Yu Leimin, Xu Jiaxing (Jason), Liu Ning and Fang Wei
As financial institutions continue to adopt generative artificial intelligence, regulatory focus is shifting from high-level principles to practical implementation.
The Deepfake Playbook for Counsel: Exposure, Gaps, and Controls
In early 2024, a finance employee in the Hong Kong office of engineering firm Arup joined a video conference that appeared to include the company’s chief financial officer and several colleagues. After receiving instructions during the call, the employee authorized
Your AI-Drafted China Contract Says It Needs a Lawyer. Listen to It.
Your AI-Drafted China Contract Says It Needs a Lawyer. Listen to It.
In the past couple of months, at least three unrelated companies have asked me to review an AI-drafted China contract containing this exact dispute-resolution provision:
Governing Law; Dispute
Skeletons in the cupboard or just leverage on the eve of an IPO
Every year, the Supreme People’s Procuratorate publishes a number of ‘representative cases’ of malicious intellectual property (IP) litigation, to highlight its efforts to prevent the abusive enforcement of IP rights for improper commercial gain. The cases demonstrate the important role
2027 Law and Society Meeting: Submissions Now Open
From the Law and Society Association:
2027 Global Meeting on
Law and Society: Submissions Now Open!
SUBMISSIONS ARE NOW
OPEN for the 2027 Global Meeting on Law and Society in Hong Kong from
June 22 to