Hong Kong: M&A/Private Equity

The Cayman Islands Monetary Authority has issued two new binding rules that will fundamentally reshape compliance obligations for financial service providers, including mutual funds, private funds, and SIBA registrants. These rules convert previously non-binding guidance into enforceable requirements with significant penalties for non-compliance, mandating enhanced anti-money laundering programs, sanctions screening protocols, and independent audit obligations.

Herbert Smith Freehills Kramer’s quarterly review of private capital buyouts, fundraising and disputes tells a familiar story for the first half of 2026: subdued on-market play with flashes of brilliance.

A quiet first half for Asia private capital, with both fundraising and buyout activity subdued, and no indication whether a second-half rebound will materialise as in recent years.

Acquisitions can be considered a potent lever for strategic growth, and companies are spending more per mergers and acquisitions (M&A) deal than ever before.

Gagging orders are court orders restraining persons from revealing or disclosing information about proceedings...

On 23 May 2025 the new Hong Kong redomiciliation regime for insurers became effective through amendments to the Companies Ordinance, Insurance Ordinance and other laws and guidelines.

The Hong Kong Stock Exchange (HKEX) has issued a new guidance letter (HKEX-GL116-23).

The August 2022 amendments to the Antimonopoly Law introduced a new "stop-the-clock" mechanism in the merger review process. This mechanism allows the antimonopoly enforcement authority

Certain provisions of the current Codes on Takeovers and Mergers and Share Buybacks of Hong Kong (the "Codes") may cause confusion to companies and relevant stakeholders in complying with the Codes.