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Wildy’s Book News

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Vol 22 No 3 March/April 2017

Book of the Month

Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Simon Mortimore
Price: £225.00

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UK Public Holiday May 2017

Wildy's will be closed on Monday 1st May and will re-open on Tuesday 2nd May.

Online book orders received during the time we are closed will be processed as soon as possible once we re-open on Tuesday.

As usual Credit Cards will not be charged until the order is processed and ready to despatch.

Any non-UK eBook orders placed after 5pm on the Friday 28th April will not be processed until Tuesday 2nd May. UK eBook orders will be processed as normal.

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Companies Ordinance (Cap.622)

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ISBN13: 9789626615379
Published: February 2013
Publisher: Sweet & Maxwell Hong Kong
Country of Publication: Hong Kong
Format: Hardback
Price: Price on Application



The Companies Ordinance (Cap.622) is expected to come into force in 2014. The new Ordinance is a complete rewrite, with 921 sections and 11 schedules, and it is imperative that lawyers, accountants, compliance officers, other professionals, and academics become fully conversant with the new provisions.

Some of the major changes include:

  • Tightening of criminal liability for “responsible persons”
  • Model and mandatory articles
  • Adoption of uniform insolvency test
  • Codification of the common law duty of directors’ care, skill and diligence
  • Widening of ambit of disclosure of material interest
  • Holding general meetings through technology
  • Court free procedure for amalgamations of intra-group companies
  • Extensions to unfair prejudice remedy, statutory derivative action, members’ inspection of company records and statutory injunction remedy
  • Modernisation of investigative powers
  • Security for costs extended to company registered outside Hong Kong
For the first time, the full text of the Ordinance is available, together with an Introduction by Ted Tyler, Stefan Lo and Natalie Wong, the Companies Ordinance Rewrite Team, Department of Justice, which highlights the major changes and the guiding principles behind the new Ordinance.

This should be on the desk of every lawyer, accountant and other professional whose practice will be affected.