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Article: Jersey Companies - The Hong Kong Exchange - Acceptable Overseas Jurisdictions.
- Article from:
- Mondaq Business Briefing
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jersey has been approved as an Acceptable Overseas Jurisdiction by the Hong Kong Exchange, which means that Jersey companies can join companies from Australia, Bermuda, British Columbia, Cayman Islands, China, Ontario, Cyprus, Germany, Luxembourg, Singapore and the United Kingdom able to float on the Exchange.
In the approval process, the Hong Kong Exchange considered various matters including shareholder protection provisions under Jersey law as any non Hong Kong company listing on the Exchange has to demonstrate that shareholder protection offered by that foreign jurisdiction is at least equivalent to that in Hong Kong.
The Exchange has now published ...