Vietnam Legal Update: Additional Permitted Cases on the Use of Foreign Currency in the Territory of Vietnam

Reading Time: 2 minutesOn 29 March 2019, the State Bank of Vietnam issued Circular No. 03/2019/TT-NHNN which entered into force on 13 May 2019 (“Circular 03”) on the amendment, supplementation of some articles of Circular 32/2013/TT-NHNN of the State Bank of Vietnam dated 26 December 2013 (“Circular 32”). Principles on restricted use of foreign currency within the territory […]

聚焦劳资业务:香港法律在降级方面的规定

Reading Time: 1 minutes在香港对员工进行降级处理时,有几个重点问题和须知需要考虑。 降级通常涉及职位降低,或者工作职责和/或薪水的减少。员工出现业绩不良、能力有限等情况但又无需辞退时,雇主都可能会考虑对其进行降级处理。 不管是什么原因,雇主考虑降级时都要慎之又慎。降级应当合法而又专业;否则雇主可能面临不必要的投诉举报。 那么,雇主到底有没有降级的权利? 劳资合同中添加变更规定: 劳资合同中可添加允许雇主无须征得员工同意即可单方面改变特定条款或条件的规定。但是,除非这种规定明确表示可以对员工进行降级处理,否则雇主在未经协商同意即对员工进行降级处理的做法将带来巨大争议。 员工的明确同意:如果合同中没有规定降级的权利,雇主可在协商一致后对员工进行降级处理。员工也可选择同意降级,以避免被辞退。如果员工同意降级,雇主应当与员工签订书面协议。 降级须知 1. 降级时要与员工谈话 谈话应当私下里进行。雇主应当详细说明降级的真实原因。比如,如果是员工业绩不好,雇主应当拿出相应的证据。雇主和员工都应当记录谈话的过程。雇主应当回答员工的问题,准备好接受员工的其他建议,比如要求新职位留出适用期,或者留出时间考虑是否接受新职位。 2. 向员工说明新职位 雇主应当向员工说明新职位的要求。此外,雇主还应当说明职位的降低、薪水和/或职责方面的减少,让员工产生合理的预期。雇主可以列出新岗位培养员工技能的途径,或者新岗位更适于员工发展的理由。 3. 过渡方案 直接宣布、一锤定音的做法或许并不可取。相反,要与员工沟通宣布新职位的方式。适当情况下,雇主还应当为员工安排必要的培训或就职辅导。雇主可以追踪了解员工降级后的情况,确保员工顺利调整适应。 有一点需要注意,雇主千万不要以性别、残疾、种族和/或家庭情况为理由做出降级决定。否则,雇主将因违反香港反歧视条例而承担相应责任。 Need legal advice? For enquiries, you can   conduct fast legal advice   with   experienced lawyers in   Hong Kong .With fast legal advice and a fixed fee,   you can consult an experienced lawyer on the phone within two days to get to know your legal issues […]

Vietnam: Disputes arising from NDA – who volunteers to put “Wukong’s magical circlet” on?

Reading Time: 7 minutesIn the case of a company that has sued its employee (“Employee”) for breaching a Non-Disclosure and Non–Competition Agreement limiting the Employee from working for the company’s competitors (non–competition agreement), several controversial assessments and legal precedents have followed. As made by the Commercial Arbitration Council (CAC), these have delivered different opinions to the concerned parties, […]

香港:申请宣告父母身分与婚姻诉讼程序中的「密切联系」测试是否相同?

Reading Time: 1 minutes根据香港法例第179章《婚姻诉讼条例》第3(c) 条,如欲在香港提出的离婚程序,至少其中一方必须与香港有密切联系。过往的离婚案例显示,法院在判断有没有密切联系时会考虑所有相关因素,例如在香港居住多少时间及拥有多少资产。值得注意的是,上诉法庭在近期一宗案件中,将离婚案件的「密切联系」测试的适用范围大幅扩大至其他家事案件。在WSJ v WZC [2019] HKCA 89一案中,一名母亲(「母亲」)代表其未成年儿子(「儿子」)根据香港法例第429章《父母与子女条例》(「该条例」)提出申请

Myanmar Tax Update: Myanmar IRD to Implement Integrated Tax Administration System Starting FY 2019-2020

Reading Time: 2 minutesThe Myanmar Internal Revenue Department (“IRD”) recently issued a notice with regard to the implementation of the Integrated Tax Administration System (“ITAS”). This is an electronic system that aims to modernize tax administration procedures in Myanmar starting FY 2019-2020. The aim of the ITAS is to implement an electronic-based system that will administer the tax […]

HONG KONG: A US short-seller was held liable for disseminating a false online research report about a Hong Kong listed company

Reading Time: 6 minutesIntroduction A US short-seller, Mr Andrew Left (“Mr Left”) of Citron Research, was held liable by the Market Misconduct Tribunal (“MMT”) in August 2016 for publishing false or misleading market information about Evergrande Real Estate Group Limited (“Evergrande”) (Stock Code: 3333). In February 2019, the Court of Appeal (the “CA”) dismissed Mr Left’s appeal against […]

Vietnam: When subsidiaries go bankrupt – can creditors “seek compensation” from parent companies?

Reading Time: 6 minutesIt is normal and recommended to allow a subsidiary which operates ineffectively and falls into insolvency to go bankrupt for the sake of a healthy business environment. However, except for subsidiaries which are only the front companies to conceal non-transparent or illegal business activities of parent companies, the bankruptcy of an enterprise causes losses to […]

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The Hong Kong Court’s Approach to Child Custody Relocation Cases

Reading Time: 7 minutesAs an international finance centre, families from all over the world relocate to Hong Kong for work purposes. In the event that the relationship between the parents break down, can one of them simply return home with his or her children? Parental removal of a child from one country to another may amount to child […]

Hong Kong: Is the test for “substantial connection” for the declaration of parentage the same as that for matrimonial proceedings?

Reading Time: 4 minutesIntroduction In respect of initiating proceedings for divorce in Hong Kong, section 3(c) of the Matrimonial Causes Ordinance (Cap. 179) requires either of the parties to have substantial connection with Hong Kong. There is a line of divorce cases showing that the Courts in determining whether a connection is substantial would take all relevant factors […]

The law on demotions in Hong Kong

Reading Time: 3 minutesA demotion normally involves a reduction in rank or status, or a decrease in job responsibilities and/or salary. An employer may wish to demote an employee for a variety of reasons including poor performance, capability and/or as an alternative to termination. Regardless of the reason for the demotion, an employer should be careful when demoting […]