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OCTOBER 2013
World Report - Offshore
15
co-sponsors Harneys and Herbert Smith Freehills launch non-profit women's initiative
10 October 2013 marked the launch of LILA, Ladies in Litigation and Arbitration, a non-profit organisation dedicated to women in dispute resolution in Hong Kong.
Jennifer Chairperson
Maughan, of
LILA
commented: “The concept of LILA came about as we identified an opportunity to create a forum for women practising dispute resolution. We're very excited as we think that LILA has the potential to do great things for the women working in dispute resolution in Hong Kong by providing a common meeting ground and hosting programmes and seminars which deal with the legal and professional issues we face every day. We have the support of a number of firms across the city already and it's great to see that so many people are behind the concept.”
Membership of LILA is open to all and will provide members the opportunity
to participate in a wide range of activities, including seminars on topical issues relating to the industry and workshops on career progression.
The inaugural event was sponsored by Harneys and Herbert Smith Freehills. It was hosted at the China Club and featured a keynote address by Chiann Bao, of
International Arbitration Centre.
Herbert Smith Freehills' Eleanor
Vance commented, "We were
delighted to co-sponsor the launch of LILA, an
organisation provides
a
which unique
opportunity for disputes practitioners in the region to get
together, share
experiences and build networking opportunities with likeminded lawyers. We wish it every success."
Secretary-General the Hong Kong
LILA is currently led by a committee of 18 lawyers from international firms
Isle of Man signs tax co-operation agreement with Italy and Lesotho
As part of the Isle of Man Government’s ongoing programme of
Double Taxation Agreements and Tax Exchange
signing
Information Agreement
(TIEAs), Treasury Minister Eddie Teare MHK signed TIEAs with Italy and Lesotho last month in London.
law in Hong Kong.
Representative firms include Allen & Overy, Clifford Chance, Clyde & Co, Freshfields
Bruckhaus
Deringer, Gall, Harneys, Herbert Smith Freehills, Linklaters and Walkers Global.
The TIEA with the
Government of the Italian Republic was signed by His Excellency Terracciano, Ambassador
and the TIEA with the Government
of the
Kingdom of Lesotho was signed by Mrs Maanna Mapetja, the Acting High Commissioner of
the
Kingdom of Lesotho in the United Kingdom.
Minister Teare said, “The Isle of Man Government welcomes the signing of the Tax
Information
Exchange Agreements with Italy and Lesotho. These agreements are the Island’s
appleby advised china Ludao technology company on its HKSE listing
Appleby acted as Cayman counsel for China Ludao Technology Company Limited (“the Company”) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 11 October 2013, with gross proceeds of approximately HK$89 million.
The Company will use more than half of
the net
proceeds from the offering for increasing its production capacity by constructing a new production plant, while almost a quarter will be used for expansion of its domestic distribution channels and increasing
penetration in second- and third-tier cities in eastern and central China including Zhejiang, Anhui and Hubei. The remainder will be used to launch advertising campaigns
shopping malls aimed at gaining widespread market acceptance, as well as for working capital and other general corporate purposes.
comprising
television and outdoor advertisements alongside multimedia displays
in
The Appleby team was led by Judy Lee, a Corporate Partner in Appleby’s Hong
Kong office, assisted by Senior Associate, Chris Cheng. Hastings & Co. advised the Company as to Hong Kong law. TC & Co. advised the sponsor, Essence Corporate Finance (Hong Kong) Limited, and the underwriters as to Hong Kong law
Pasquale Italian
in London,
30th and 31st TIEAs and the Island now has 41 agreements
the OECD international standard
on co-operation that meet tax and
transparency. Italy is the 17th EU Member State with whom the Isle of Man has signed an agreement that meets to OECD standard, whilst the agreement with Lesotho is the 3rd the Island has signed with Members of the Southern African Development Community and it demonstrates the Island’s continuing support to the OECD’s Global Forum commitment
sharing expertise and best practice on tax transparency
and
information exchange with developing nations.”
The text of the agreements can be viewed on the International Agreements page of the Isle of Man Treasury
Income Tax Division’s website.
to