• Home
  • Insights
  • The "Stay Rules" – what this means for authorized institutions and their affiliated companies in Hong Kong

11 Nov 2021

The "Stay Rules" – what this means for authorized institutions and their affiliated companies in Hong Kong

Linkedin

On 27 August 2021, the Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights — Banking Sector) Rules (Cap. 628C, Laws of Hong Kong, the "Stay Rules") came into force, requiring "covered entities" to include provisions in certain non-HK law governed "financial contracts" to the effect that the contractual parties agree to be bound by any suspension of termination rights that may be imposed by the Hong Kong Monetary Authority.

Click here to read more.

Linkedin

KEY CONTACT

Elton Chan

Elton Chan
Partner

T:  +852 2533 2726 M:  +852 9350 9218 Email Elton | Vcard Office:  Hong Kong

James Wong

James Wong
Associate

T:  +852 3166 6933 M:  +852 9447 7337 Email James | Vcard Office:  Hong Kong

  • Related Services
  • Related Locations