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Saturday, 12 November 2016
Hong Kong Updates- Employment/ Competition/ Stamp Duty/ China Updates- Cybersecurity
New rules covering safety for Hong Kong’s many thousands of domestic
helpers have been introduced, following a number of accidents involving
falls from high windows. A proposed requirement for adult supervision
of helpers was dropped, presumably because this rather takes away the
real point of a domestic helper, namely to enable both spouses to go
out to work.
Bizarrely, though, the changes are treated as a contractual matter,
rather than a general health and safety issue, in that existing
contracts will not be covered by the new rules: only new or renewed
contracts (indeed, only those signed from 2017) will have to have the
terms written into them.
Similarly, breach of the new rules will allow helpers a contractual
Hong Kong’s first bid-rigging conviction was handed down in the
"Garden Vista" case. In this case, renovation works were
found to have been awarded at inflated prices in exchange for bribes.
The (inflated) costs amounted to HK$290 million. The bribes amounted to
In a further attempt to cool the residential property market, the Hong
Kong Government announced an increase in stamp duty for all
residential property transactions to a flat rate of 15%, effective from
5th November 2016.
The previous cooling measures were the Double Stamp Duty, ranging up to
8.5%, on purchases by non-Hong Kong permanent residents and/or
China’s new (and first major) Cybersecurity law was enacted on 7th
November 2016. The law enhances privacy protection but introduces
hurdles for international businesses and for internet service providers
(defined very broadly in the legislation) generally.
One of the key provisions is that Chinese citizens’ “personal
information and important data” collected or generated during business
operations in China may be required to be stored in China.
Security requirements apply where data must be provided to a
foreign entity outside China. Increased penalties may apply.
On the other hand, individuals are given the right to request the
deletion of their personal data.
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!